World Wheat Futures End Lower Amid Broad Commodity Liquidation: US, European and Black Sea wheat futures ended weak on Thursday following active liquidation in corn & soy markets. Wheat remains plagued by a lack of fresh input. This is common in late Dec/early Jan, but at multi-year high prices this absence of news has triggered…
Wheat Recovers as EU Wheat Uncovers Demand: US wheat futures and cash markets ended stronger on Wednesday following Egypt’s first purchase of French wheat since late 2020. It’s clear the EU market has fallen to prices that begins to shift demand away from the Black Sea. Spot Russian fob wheat is quoted at $340/MT vs.…
Wheat Falls to Test Chart Support; Egypt Returns to Market for Late Winter Supply: US wheat futures ended 20-24 cents lower on end of year profit taking, with March CBT and KC both testing their respective 20-day moving averages. There’s been a general malaise in global wheat markets amid a lack of fresh input and…
Wheat Corrects; Iraqi Tender Delayed Till Until Early January: US and world wheat futures ended lower in rather thin volume, with just 29,000 contracts of March CBT changing hands. Wheat lacks the weather-based spark seen in global row crop markets, and Iraq’s tender for US/Canadian specific origin has been pushed back to early next week.…
KC Leads US Rally on Threatening Plains Climate Forecasts; Iraq Seeks North American Origin Wheat: US wheat futures ended steady to higher, with spot KC rising 8 cents. The Buenos Aires Grain Exchange raised its Argi production estimate 0.5 MMTs to 21.5 MMTs, but this was already in the marketplace. Otherwise, US contracts are focused…
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?
