Excessive rains in Bulgaria and Romania are threatening the wheat quality there as the moisture favors the spreading of diseases. These rains are often coupled with strong winds and hail, which cause damage in isolated regions that could be significant if the precipitation does not stop in the coming days. Milling Wheat The Black Sea market was under heavy pressure during the past two weeks as the crops in Europe are developing in generally favorable conditions. Additionally, the trade is less concerned about the situation in Ukraine, and the market is correcting the risk premium that was built at the start of the conflict. The selling pressure over the last few weeks has been mainly driven by trading houses building a sales program in an...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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