Milling Wheat The Black Sea market remained unchanged from last week. The mood is still bearish and the buyers/consumers of the main Mediterranean importing countries are reluctant to cover their needs for the forward positions. The price of Black Sea wheat is already attractive enough compared to the other origins to capture demand in North Africa, the Middle East and parts of Asia. A decline of another $5-$10/MT will not significantly increase demand. Black Sea wheat will not break hard from the current levels without a sharp decline in French and U.S. wheat prices.Algeria bought 500,000 MT of French wheat at $269/MT, Iran bought 450,000 MT including 250,000 MT of Russian wheat at $295/MT, and Pakistan bought 250,000 MT of Black Sea...
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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Illuminating the value of technical research
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