Wheat Markets Continue Correction; Buying Noted as Session Low: Global wheat futures ended sharply lower again, though US contracts found support near limit losses. That Ukraine appears to have the war’s upper hand has offered hope for an eventual return of grain exports. However, there is virtually nothing known about Russia’s demands in current negotiations…
Wheat Markets Extract War Premium as Russian Military Focus Changes; World Import Demand in Seasonal Retreat: US & European wheat futures ended sharply lower as there’s hope for a ceasefire in Ukraine. Russia’s military challenges may alter Russia’s negotiation tactics, but ARC cautions that little is known about Putin’s actual plans. Bombing continued today across…
CBOT and World Wheat Futures Add War Premium Ahead of the Weekend: US and European wheat futures ended higher as the war rages on across Ukraine exporters are working to rail grain into Romania – and then into the world market. And wheat is leaking out of Russia. Yet, there is no sign that the…
Global Wheat Markets End Weak; Equilibrium Reached; Focus Shifting to New Crop Supply & Demand: US and European wheat futures ended lower. Wheat is leaking out of Russia into neighboring markets, while even in Ukraine exporters are working to rail grain into Romania – and then into the world market. Neither Ukraine nor Russia will…
US Wheat Futures Ends Weak Amid Lack of Enthusiasm: World wheat futures on Wednesday ended mixed, with spot US contracts down 6-14 cents while Paris milling contracts higher. Volume in Chicago was pitiful and understandably the market is averse to adding to existing positions ahead of NASS’s stocks & seedings data and the beginning of…
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