Milling Wheat Black Sea harvest pressure seems to have stopped for the moment with prices a bit firmer. Russia's crop may be slightly smaller than the 50-52 MMT previously estimated, and its government intends to purchase 5-7 MMT of wheat for refilling the reserves, which will certainly affect the domestic market.The Egyptian GASC purchased 120,000 MT of Romanian wheat at $252.34/MT and 120,000 MT of Ukrainian wheat at $252.50/MT last week. The spread between the Black Sea and French wheat is narrowing with less than $7.00 premium for the French. This may result in the GASC beginning purchase of French wheat in the coming tenders.The EU allocated 566,000 MT of wheat export licenses last week bringing the total to 1.6 MMT since the star...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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Illuminating the value of technical research
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