US Wheat Futures End Firm; USDA to Lower Exporter Stocks/Use on Tuesday: US wheat futures ended slightly higher despite weakness in Paris milling wheat futures. The USDA in its November WASDE is expected to lower exporter stocks another 1-3 MMTs as they must account for record global trade. Mideast/N African import demand will be lifted.…
US Wheat Futures Continue Slide; Aussie Weather Front and Center Next 30 Days: US wheat futures ended steady to 7 cents lower amid continued long liquidation and as Paris milling wheat futures failed to score newer contract highs. Fresh news is absent, while Pakistan opting to not purchase any wheat from its tender released earlier…
World Wheat Futures End Mixed; US Market Slides on Dollar Strength: Paris milling wheat futures ended steady to higher amid ongoing stocks contraction in Europe, while US contract followed row crops lower. ARC notes that wheat markets worldwide are still close to overbought technically. Buying interest will stay lacking until the USDA’s Nov WASDE is…
World Wheat Futures End Weak on Plunging Crude/Liquidation: World wheat futures ended lower by varying degrees, with the brunt of selling on Wednesday focused on spring wheat futures in Minneapolis. ARC notes that a 3% move in Minneapolis is now worth 35 cents at current prices. Volatility is always elevated at lofty prices and amid…
US Wheat Futures Ease on Lack of Fund Buying; World Market Stays Firm: World wheat futures ended mixed on Tuesday, with spot Paris milling wheat finding newer contract highs while US futures steady to 10 cents lower. Fresh news of all kinds was lacking. Wheat futures worldwide are overbought. The long-term outlook stays bullish into…
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