Search
US wheat futures were mixed for a second session on Tuesday December 3, with market participants awaiting fresh headlines before making big bets on movement in either direction.
Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
Sentiment among US agricultural producers jumped in November, with the main driver being producers’ confidence in the future, the Purdue University/CME Group Ag Economy Barometer survey showed on Tuesday December 3.
The European Union's weekly wheat exports amounted to 147,064 tonnes in the week to Sunday December 1, according to initial data from the European Commission.
Japan's Ministry of Agriculture has issued an international tender to purchase 111,405 tonnes of wheat from the US, Canada, and Australia for loading in January-March, an official note published by the ministry on Tuesday December 3 shows.
Speculators in US corn, soybean and wheat contracts accumulated short positions in the week to Tuesday November 26, helping reduce the corn net long position while bolstering soybean and wheat net short positions, data from the Commodity Futures Trading Commission (CFTC) showed late on Monday December 2.
The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) slightly increased its 2024/25 marketing year forecast for the Australian wheat crop by less than 1%, while raising the export estimate by 5% compared with the previous report.
Fastmarkets commits to publishing daily the bids, offers, indicative levels or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
Russian winter wheat planting progressed by less than 1% in the week ending Monday December 2, effectively signaling the completion of sowing, and crop conditions remained near record-low levels, confirming earlier concerns, according to data reviewed by Fastmarkets.
The German 12.5% FOB wheat APM for January loading was assessed at a €13 per tonne premium over the March Euronext contract...
US wheat futures were mixed on Monday December 2 after a government report showed that the country’s export inspections the previous week were in line with analysts’ projections.
Export inspections of US wheat decreased by 19% to 296,106 tonnes during the week to Thursday November 28, from 364,783 tonnes the previous week, according to data from the USDA released on Monday December 2.
The return of the US from a national holiday brought some direction back into the market from the three primary US futures contracts on Friday November 29, although each moved in markedly different directions.
Fastmarkets’ weekly recap of the main movements in global cash markets.
The German 12.5% FOB wheat APM for January loading was assessed at a €13 per tonne premium over the March Euronext contract...
Fastmarkets commits to publishing daily the bids, offers, indicative levels, or other cash trading indications on any basis and geography related to any vital markets with strong ties with Ukraine.
Russia’s customs subcommittee has approved a wheat export quota for the second half of the marketing year – from February 16 to June 30 – of 11 million tonnes, but has not set any quota for barley or corn, essentially meaning that exports of these products will not be possible, Russian news agency Interfax has reported.
Russia’s weekly wheat exports from Black Sea ports dropped to 742,885 tonnes in the week to November 28, down sharply by 32% from 1.1 million tonnes the previous week, data from Fastmarkets’ research team showed on Friday November 29.
US weekly net sales of wheat for the 2024/25 crop year totaled 366,800 tonnes during the week to November 21, down by 33% from the previous week, the USDA said on Friday November 29.
The Russian government has continued to raise the export tariffs on wheat and corn, and also increased the tariff on barley for the period December 4-10, while the country’s national currency has lost 9% of its value, an update from the country’s agriculture ministry showed on Friday November 29.