Hard Red Wheat Sep '24 (KEU24)
Hard Red Wheat Futures Market News and Commentary
The wheat complex was in rally mode on Thursday. KC HRW futures led the wheat rally, with gains of 10 ½ to 29 ¼ cents, led by the front months. Chicago SRW futures were up 10 to 13 1/4 cents in most contracts. MPLS spring wheat was 6 to 10 ½ cents in the green in at the close. Â
Weekly Export Sales from Thursday morning showed, with old crop business seen at 129,022 MT for the week of April 16, up from the previous week. Japan was the lead buyer of 59,400 MT, with 47,400 MT sold to Nigeria. New crop sales were just 8,000 MT, mostly to South Korea.
The 7-day forecast is calling for limited of up to an inch for western portions of KS with little to no precip in the TX and OK panhandles. The update to the Drought Monitor from this morning shows 70% of the US winter wheat crop in drought. That is the largest since 2023 and the most for this part of the growing season since 2022.Â
Taiwan flour mills purchased a total of 105,950 MT of wheat from the US in a tender overni... Read more
Barchart · 1 hour ago
The wheat complex was in rally mode on Thursday. KC HRW futures led the wheat rally, with gains of 10 ½ to 29 ¼ cents, led by the front months. Chicago...
Barchart · 1 hour ago
Corn futures closed the Thursday session with most contracts ½ to 2 ¾ cents higher. The CmdtyView national average Cash Corn price as up 1 3/4 cents...
Barchart · 1 hour ago
Soybeans saw weakness for much of the Thursday session, with contracts down 1 to 4 ¾ cents. The cmdtyView national average Cash Bean price was down 4...
Walsh Trading · Thu Apr 23, 4:12PM CDT
This is a Selling Opportunity
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Swift Trading Company · Thu Apr 23, 2:40PM CDT
Conflicting news stories created a hefty day of volatility for producers to contend with.
Barchart · 1 hour ago
The wheat complex was in rally mode on Thursday. KC HRW futures led the wheat rally, with gains of 10 ½ to 29 ¼ cents, led by the front months. Chicago...
Barchart · 1 hour ago
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Barchart · 1 hour ago
Corn futures closed the Thursday session with most contracts ½ to 2 ¾ cents higher. The CmdtyView national average Cash Corn price as up 1 3/4 cents...
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Live cattle futures saw 22 cent to $1.05 gains to close out the Thursday session. Cash trade this week has been centered around $246 across the country....
Barchart · 1 hour ago
Soybeans saw weakness for much of the Thursday session, with contracts down 1 to 4 ¾ cents. The cmdtyView national average Cash Bean price was down 4...
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Cotton futures resumed gains on the Thursday session, as contracts closed with 17 to 81 cent gains. The US dollar index was 0.234 higher at $98.655. Crude...
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The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.36%, and the Nasdaq 100...
