Wheat Markets End Mixed; KC Adds Premium on Winterkill Threat: World wheat markets ended mostly lower on Thursday amid a correction in Paris milling futures and as Russian export loadings jump on improved weather. Geopolitical risk remains intact as war in Ukraine escalates during the winter months, but the market must confirm a shift in…
World Wheat Markets Add Risk Premium Amid Fear of Escalation in Black Sea Conflict: Wheat markets rallied sharply on Wednesday as Ukrainian President Zelenskyy’s visit to the US sparked fears of an escalation in Russian aggression. Additional damage to Ukrainian infrastructure would slow Black Sea shipments further following a slowing of exports from Russia due…
World Wheat Markets End Flat; Russian Shipments Remain Slow but Black Sea Cash Market Erodes: US and European wheat futures ended unchanged. The US market is prepping for Thursday’s blast of cold air and still no meaningful snow is forecast in key areas of the N TX, W OK and W KS. Winterkill damage can’t…
Wheat Ends Steady to Weak on US Acreage Data, Collapse in Russian Ruble: US wheat futures ended unchanged and well above session lows. Arctic air’s descent into the US Plains – amid little/no snow cover – will add stress to an already struggling crop. However, US weather concerns were offset by probable larger US winter…
Wheat Ends Steady to Lower; KC Market Unfazed by Frigid Temps: US/EU wheat ended weaker amid ongoing bearish speculative momentum in Paris and the ongoing lack of bullish export fuel in the US. It remains that temps near/below zero will drop into the US HRW Belt next week. EU/GFS model guidance keeps TX, OK, and…
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