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“Globally, the wheat crop appears to be getting bigger,” Total Farm Marketing said. “There is talk that Canada’s wheat production could reach a record high 40 mmt. Furthermore, recent good rains in Australia have boosted confidence in their wheat crop. Additionally, production figures were recently increased for the EU, Russia and Ukraine.”
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John Heinberg at Total Farm Marketing said, “Wheat futures posted double-digit losses across all three U.S. classes following a bearish WASDE …
The Hightower Report said, “The USDA report data for wheat was slightly bearish on the higher U.S. carryout, but Friday’s weakness was enhance…
“Ukraine’s largest farm union expects they will export no more than 11 mmt of wheat in the 26/27 MY, down from 14 mmt YA and below the USDA es…
“The wheat complex is facing heavy pressure yet again this morning,” Total Farm Marketing said. “Looking at December contracts, Chicago wheat …
"Prices recovered to close $.03-$.07 higher across the 3 classes. CGO Dec-26 was up $.07 at $6.82 ¾ after trading down to a 7-week low. Dec-26…
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