Global Demand Sparks New Highs in World Wheat Markets: Wheat markets worldwide soared to new rally highs, with spot KC trading above $8.00 for the first time since May 2014. Active importer demand at elevated values is the catalyst. Egypt released a surprise tender for mid-Dec supplies over the weekend. Egypt paid an average fob…
Spring Wheat Scores New Contract High; KC/CBT Rally Pauses: World wheat futures mixed, but strength on Friday was isolated to spring contracts in Minneapolis. Exporter stocks/use in 21/22 will be record low by a wide margin. Rationing EU wheat supplies will be difficult amid lofty US values and as an ever-rising export tax in Russia…
Global Wheat Futures End Mixed; All Eyes on Pace of World Trade Next 60 Days: US wheat futures rallied 7-14 cents led by Dec Minneapolis, while Paris milling futures ended slightly weaker amid speculative profit taking. EU wheat futures are overbought and subject to a correction. Wheat’s rally is at an important juncture as world…
Global Wheat Futures Ends Steady/Higher; Importer Demand Worry Noted: Paris milling wheat futures ended flat. US futures ended 1-9 cents higher, led CBT contracts. Talk of importers having difficulty financing recent purchases has slowed the rally this week. Iran, Nigeria, and Iraq are said to have payment difficulties. Egypt’s tender results confirm that importers are…
US Wheat Futures Correct; EU Market Posts New High; Egypt Returns for December Needs: World wheat futures ended mixed on Tuesday. Strength in the European market continues with Dec Paris milling wheat futures scoring fresh contract highs. AgResource notes that basis in W Europe remains positive and is stronger than normal despite spot futures reaching…
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?
