Wheat Dec '20 (ZWZ20)
Wheat Futures Market News and Commentary
At the closing bell on Thursday, front month domestic wheat futures were in in the red. SRW futures gave back 4 1/4 to 5 1/4 cents. HRW closed down by 3/4 to 1 1/4 cents. Spring wheat ended the day fractionally mixed to 4 1/4 cents weaker. USDA reported 743,176 MT of wheat bookings for the week ending 10/22. That was above estimates, 102% above LW and up 50% yr/yr. South Korea, Mexico, and Japan were the top destinations in the report. Exports from the same report were 230% higher wk/wk with 442,535 MT (16.26 mbu) shipped. Accumulated exports from weekly data is running 2.6% above last season’s pace with 10.632 MMT shipped since June 1. IGC’s October forecast calls for 764 MMT of wheat production. That was 1 MMT higher than the September number. Stocks were 3 MMT tighter at 291.
Dec 20 CBOT Wheat closed at $6.03 3/4, down 5 cents,
Dec 20 KCBT Wheat closed at $5.42, down 1 1/4 cents,
Dec 20 MGEX Wheat closed at $5.52 1/4, up 1/4 cent,... Read more
- Turner’s Take Podcast | 2021-2022 Wheat Ideas
Wheat stocks will get tighter next year and we see KC gaining on Chicago. For the 2021-2022 marketing year KC should trade over Chi
- Kansas Wheat Amongst Several Grains Entering Seasonal Weakness
March KC Wheat has dropped consistently over the past years the 15 trading sessions after todays close
- The Nemenoff Report 10/29/2020
Financials: As of this writing (6;45am) December Bonds are 6 higher at 174’7 and up 0’29 for the week, 10 Yr. Notes unchanged over night [...]
- More COVID-19 and Hurricanes This Season. The Corn & Ethanol Report 10/29/2020
We start off the day with Export Sales, GDP Growth Rate QoQ Adv. (Q3), Initial Jobless Claims (24/OCT), Jobless Claims 4-Week Average (24/OCT), GDP Price...
- Escalator Up, Elevator Down
Long liqudation drops grain prices.
- TFM Sunrise Update Oct 29, 2020
Grains continue to ease into the elections. Cattle and hogs called mixed to firmer and weaker, respectively