Wheat Ends Sharply Higher Following US Inflation Data/Weaker US Dollar: Wheat futures worldwide ended higher on Wednesday with Dec CBOT settling above its 20-day moving average for the first time since July. The market continues to form its seasonal base and wheat chart patterns look far less bearish following recent market stability. The pace of…
Wheat Ends Steady/Higher; New Trend Unlikely Until August Black Sea Exports Known: US wheat futures ended steady to higher, with Dec CBOT finding some measure of equilibrium at $7.70-8.20. How the USDA handles larger Russian production and the creation of the Black Sea export corridor is unknown, but ARC’s work suggests that bearish sentiment is…
Wheat Ends Firm Despite Record Russian Crop; US Spring Wheat Health Erodes: US & European wheat futures ended little changed on Monday. The market better understands the size of Russia’s harvest, which will be record large by 8-10 MMTs this year, will have a limited impact on the world wheat trade matrix amid Black Sea…
Wheat Unable to Rally; Russian Export Tax Raised: US & European wheat futures ended steady to lower on Friday as three additional vessels were allowed to leave Ukrainian ports and as Russian and Turkish officials met in Syria to discuss future export corridor plans. Uncertainty abounds, but the market is not yet willing to embrace…
Wheat Futures Recover on European Basis Gains; No Activity in Ukrainian Ports: US wheat futures ended higher on Thursday as premiums for hi-pro wheat in Germany reach €30/MT ($.80/Bu) as there’s still no indication that a surge in Black Sea shipments is imminent. Best guesses on Russian fob offers indicate weakness, but this is largely…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
