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“Prices were supported by ongoing drought in the U.S. Southern Plains, firm energy markets tied to geopolitical risk, and strength in Paris milling wheat futures, while fund buying added to momentum. All three classes are now technically overbought, leaving the market vulnerable to a near-term correction,” Brandon Doherty of Total Farm Marketing said.
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John Heinberg at Total Farm Marketing said, “Winter wheat closed in the red, likely due to prospects for better rains in the U.S. Southern Pla…
“Prices were down $.10-$.16 as the wheat market experienced spillover selling from yesterday’s weak close. Spreads weakened in all 3 classes w…
“All three wheat classes are trading higher this morning as poor crop conditions support prices,” Total Farm Marketing said. “May Chicago whea…
ADM Investor Services said, “Prices are steady to $.03 higher. CGO July-26 is up $.03 at $6.20, KC July-26 is $.01 higher at $6.71, while MIAX…
“Prices sold off late, particularly for the spot May-25 contracts ahead of FND. Prices ranged from $.07 lower in CGO and KC May-26 contracts t…
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