CBT Wheat Ends Weak on Pause in European Rally; Breaks to Encourage Global Consumption: US wheat futures on Friday ended mixed, with winter wheat contracts slightly weaker and spring wheat Minneapolis ending firm at contract highs. Additional downward revisions are anticipated in Canada, with final production there pegged at 20-21 million tons. This compares to…
Wheat Futures Mixed. Lots of International Tenders But Little New Business for the US; CBT wheat futures were down 2 to 5 cents while KC futures slipped 2-4 cents. MGE spring wheat futures rose over 3 cents and the Dec contract set a new high of $9.49. MATIF wheat futures set a 6-week high of…
Wheat Market Nudges Higher on Egypt Demand; Concern Over Russian Quota; CBT wheat futures were unchanged to up 3 cents while KC futures rose 2-5 cents. KC Dec futures are within a few cents of its contract high. MGE spring wheat futures jumped 8-13 cents and the Dec contract set a new high of $9.43.…
Wheat Market Corrects Amid the Expectation of Static Russian Taxes; US wheat futures closed lower in a technical corrective trading session with the bulls needing fresh demand news to pump values higher. The selling started in Paris overnight before spreading to the US. Profit taking of long wheat vs short soybean spreads dominated CBT trade…
Wheat Market Pauses amid Growing World Supply Tightness: US wheat futures closed mixed following the inability of KC December futures to score new contract highs above $7.65. The early wheat rally ran into profit taking with next week’s WASDE wheat report expected to be bullish. Funds are adding to modest net long positions. Managed money…
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?
