Wheat prices have surged to multi-month highs due to concerns over shrinking stockpiles and adverse weather conditions in major exporters like Europe and the Black Sea region. Paris Milling wheat reached a one-year high at €269/t, with Russia's output slashed by 12m tons in a month. The USDA forecasts global stockpiles to hit a nine-year low. India is set to resume wheat imports after six years to stabilize prices and replenish reserves.
AFTERNOON MARKET RECAP: Broad selloff seeps into the grain market. Corn, soybeans and wheat trend lower in midweek trading. Today's commentary: https://t.co/tUKDhiFx2u ✅ Sign up for daily market newsletters from the Farm Futures team: https://t.co/v7zRZXBOSK https://t.co/YCdNJohPJ2
Closing vol-run N-17.2% Q-18.9% U-19.5% X-18.9% F-17.6% H-16.6% K-15.7% #soybeans #corn N-22.9% #wheat N-37.6%
#India set for wheat imports after six years, to shore up reserves https://t.co/eCJ3t6v10D
Wheat prices reach 10-month high amid supply shortage concerns https://t.co/0GL13j5yAU https://t.co/T09hwUq7q9
India set to resume wheat imports after six-year hiatus to stabilise prices and replenish reserves. Government expected to lift 40 per cent tax on imports. https://t.co/s1HvDQkqr0
India set for wheat imports after six years, to shore up reserves https://t.co/ZT8feqV5k2 https://t.co/d8drrkMbz2
MORNING MARKET REVIEW: Are crop prices consolidating? Corn and soybean prices lose steam following positive planting progress data. Today's commentary: https://t.co/x1O0077u4I ✅ Sign up for daily market newsletters from the Farm Futures team: https://t.co/kzR9IrUgwh https://t.co/ju4F0KX5yr
Ags Prelim Open Interest from 5/28/24 #Corn 🌽 +13960 to 1542082 #Soybeans 🌱 -2851 to 803473 #Soymeal 🌱 +4327 to 475802 #Soyoil 🌱 +3821 to 557761 #Wheat 🌾 +5587 to 427603 #LiveCattle 🐂 +4986 to 292512 #FeederCattle 🐂 -1564 to 47845 #Hogs 🐖 +2592 to 275379
Aggregated open interest in Brent and WTI in million contracts #OOTT https://t.co/z4AeUI9SEI
AFTERNOON MARKET RECAP: Russian frosts spook wheat prices higher. Corn eases slightly lower, with soybeans facing a moderate setback. Today's commentary: https://t.co/tUKDhiFx2u ✅ Sign up for daily market newsletters from the Farm Futures team: https://t.co/v7zRZXBOSK https://t.co/nWZsoMHHMk
Wheat Jumps To Nine-Month High On Fears Of Dwindling Global Stockpiles https://t.co/sccA1m4eDV
U24 MATIF #wheat up nearly 37% from Mar lows, fueled in part to decline conditions across Europe & the Black Sea. Momentum and trend remain firmly higher, will it continue? 🌾 Yesterday MATIF hit 14 month highs. 🌾 EU Commission expect production in France to decline by nearly… https://t.co/3bDWZBXshv
Funds sell CBOT corn amid catch-up in US planting pace https://t.co/CDPoc6POJg https://t.co/QjBDg1PNz9
Wheat Jumps to Nine-Month High on Fears of Shrinking Stockpile Concerns mounting over dry weather in major exporters USDA forecasts global stockpiles will fall to nine-year low https://t.co/R7b0SH647c
Food Inflation Set to Surge as Unprecedented Frost Devastates European Crops: Wheat hits highest price since July Severe Frost Hits Europe Hard An unexpected late frost has severely impacted crops and vineyards across Europe, setting the stage for a significant rise in food… https://t.co/gx90tbsaV2
Paris Milling #wheat reached a one-year high on Monday at €269/t, some 50% above the average that prevailed prior to the 2022 spike and slump. In just one month, Russia's output has been slashed by 12m tons, more than top importer Egypt bought in 2023. https://t.co/OZSwhnGQXy
Big gap open higher overnight in the grains after the long weekend 👀 New highs in the wheat market 🌾 https://t.co/bJeOSwRptK