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The wheat complex is trading lower across the board. Looking at December contracts, Chicago wheat is 3 cents lower at $6.69-1/4, Kansas City wheat is 2-3/4 cents lower at $7.12-1/2, and Minneapolis spring wheat is 1-1/2 cents lower at $6.94-3/4, Matthew Lucas wrote for Total Farm Marketing.
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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…
John Heinberg at Total Farm Marketing said, “Wheat closed on both sides of neutral. On one hand, a higher MATIF close, oversold conditions, an…
“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…
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