World Wheat Markets Rally Sharply on US Supply Threat: World wheat futures ended higher led by KC contracts, as rapidly declining US winter wheat yield potential adds to already extreme supply tightness. The return of normal Black Sea exports is increasingly unlikely during the summer/early autumn, and it was important that the US’s surplus help…
World Wheat Markets End Sharply Higher; US Crop Rating Second Lowest on Record for Early April: Global wheat markets ended higher as war premium is added to values and as there’s no indication that the Central weather pattern changes over the next 3-4 weeks. ARC also notes that extremely dry weather has been in place…
CBOT Wheat Extends Correction; Outsized Volatility Ahead: KC/CBOT contracts ended lower while new crop spring contracts in Minneapolis ended firm. ARC’s work suggests KC & MGE futures will gain on Chicago over time, but otherwise clients must expect ongoing extreme volatility. Beginning next week – with the release of national US winter wheat crop conditions…
Farmers told NASS that they intended to plant 90.955 Mil acres of soybeans. The intentions figure was 3.4 Mil acres more than last year’s Prospective Plantings estimate and 3.8 Mil acres larger than last year’s final soybean acreage. This was a record large figure for the Prospective Plantings report, and if realized, would also be…
Global Wheat Markets Add War Premium; July KC-CBOT Spread Scores 30-Day High on Adverse Plains Forecasts: Global wheat futures ended higher on Wednesday as there’s no evidence to support a peace accord between the Russia/Ukraine. Additionally, rains have failed to perform across the western two-thirds of the HRW Belt, and concern is mounting with respect…
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