Milling Wheat The Black Sea milling wheat market is slightly weaker in sympathy with Chicago and Matif due to the slow demand. Despite the bullish stories about the Russian wheat crop, the wheat remains very competitive compared to other origins since most exporters are anticipating some kind of export restrictions coming in a near future. An export ban or export duties certainly would negatively affect the domestic market. Consequently, operators are pushing to sell their stocks at current prices while they still can.GASC decided to take advantage of the weaker market and bought 180,000 MT of Russian and 60,000 MT of Ukrainian this week at prices between $313 and $316.50. The only offer for French wheat in the last tender was at $329.58...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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