World Wheat Futures Soar on Threat to Aussie Quality; US Crop Rating Erodes: Wheat futures ended sharply higher on Monday, with US, EU, and Black Sea futures up 12-30 cents. Recent price action shows just how sensitive the world marketplace has become to additional supply dislocation or quality loss. Quality downgrades will be unavoidable this…
US Wheat Futures End Firm:Paris Milling Wheat Again Posts New Contract High: Wheat futures on Friday ended steady to higher amid the return of excessive rainfall in eastern Australia. 10-day precip in New South Wales and Queensland has been boosted to a range of 3-5”. This alone will trigger quality declines and delay harvesting. The…
Global Wheat Futures End Mixed; Outlook Stays Bullish: Paris milling wheat rallied to new contract highs in early trading, while US futures ended steady/ weaker. It’s clear that US export demand remains limited to traditional buyers, with cumulative 21/22 US wheat export commitments down 21% from last year at 503 Mil Bu. Other breaking news…
World Wheat Markets Recover from Tuesday’s Plunge: World wheat futures ended sharply higher on Wednesday, with Dec CBT having recaptured nearly all of Tuesday’s loss. Spot Paris milling wheat ended $.19/Bu higher. The US market has shrugged off Canada’s logistical disruption and indeed there is still no indication that importer demand is slowing. Algeria secured…
World Wheat Markets End Lower Following Egyptian Tender; Canadian Grain Flows Disrupted: World wheat futures ended sharply lower as futures correct overbought technical levels. Paris milling wheat paced the break as Algeria is suspected to have purchased a large tonnage of Black Sea origin – and zero French. US futures followed. Fundamentally, the odds of…
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?
