Wheat Futures Mixed; Market Stays Focused on Russian Discounts: Wheat futures ended near unchanged on Friday, but off session highs and without enthusiasm. Russia’s failure to respond to ongoing Ukrainian military advances has weighed on the market and the Black Sea export corridor looks to be successful in October with the line up of ships…
AgResource Wheat Analysis: KC wheat dropped 20-22 cents, while the Chicago old-crop contracts lost around 18 cents. The MGE’s Dec-July contracts fell 18-19 cents, but new-crop Sep (2023) was down 17 cents. The nearby Matif wheat futures fell 21 cents. Wheat was lower on fears of declining global demand. And a firm dollar didn’t help.…
AgResource Wheat Analysis: KC wheat was up 3-4 cents while Chicago was up 1-2 cents. The MGE’s Dec-July contracts were up 4-11 cents, but new-crop Sep (2023) was up about 4 cents. Matif wheat futures rose nearly 1%. Wheat was higher as fighting in Ukraine reached a high level of intensity, with Russian forces retreating…
AgResource Wheat Analysis: KC wheat was up slightly while Chicago was down 7-9 cents. The MGE Dec-May contracts were down several cents but new-crop Sep (2023) jumped 11 cents. There’s growing evidence that global wheat imports demand is lagging. Today, it was reported that Egypt private sector is struggling to pay for stocks that are…
US and world wheat futures ended lower amid a lack of fresh export demand and profit taking. Traders debated last Friday’s USDA Final Crop and Stocks report that showed US 2022 wheat production falling 133 Mil Bu while US September stocks were little changed from the prior year. The data is confusing with US Q1…
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