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“Estimates for Russian wheat production were raised by Sovecon for this year based on strong yields. They now expect wheat production to be 87.2 MMT, up from 86.1 MMT,” Pater said. “Wheat markets slide across the board as all three wheat classes posted losses again today, extending the downtrend. With Russian, Ukrainian, and Australian production estimates increasing, it’s hard to find reasons to be bullish, especially with corn trending lower this week.”
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The Hightower Report said, “The wheat market traded nearly 20 cents lower after the announcement of the reopening of the Strait of Hormuz this…
Amanda Brill at Total Farm Marketing said, “All three wheat classes are trading higher this morning with May Chicago wheat up 3-3/4 cents to $…
“Prices were steady to $.06 lower in choppy 2-sided trade. Spreads were mixed and little changed. CGO July-26 traded to a fresh 3-week high be…
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