Chicago Wheat Sets Record High, as Markets Sort Out Supply Concerns Mar 8, 2022

🕔Mar 8, 2022
Nabih Bulos, Laura King, and Henry Chu reported on the front page of today’s Los Angeles Times that, “A dozen days into a devastating war and a burgeoning refugee crisis, Russian […]

Winter Wheat Basis Crashes as Futures Skyrocket – DTN Mar 7, 2022

🕔Mar 7, 2022
Beginning traders learn the simple math of how to define a basis by taking the cash price (also known as the flat price) minus the futures price. They also learn […]

Wheat: “Crazed Cash Market,” Many Elevators Stop Issuing Bids as Futures and Cash Prices Diverge Mar 5, 2022

🕔Mar 5, 2022
Financial Times writer Guy Chazan reported today that, “Russia called a temporary halt to its bombardment of the Ukrainian port of Mariupol on Saturday, enabling thousands of civilians to take advantage of the […]

Ag Trade: Revisiting Ukraine, Russia, and Commodity Markets Mar 1, 2022

🕔Mar 1, 2022
Ukraine and Russia have become an important source for global supplies of major agricultural commodities in the past 25 years. These countries, often collectively referred to along with various other […]

Ag Trade: First Load of Tariff-Free U.S. Wheat Arrives in Vietnam Feb 25, 2022

ship trade
🕔Feb 25, 2022
Following productive talks with the United States last year, the Vietnamese government eliminated a three percent U.S. wheat import tariff on Dec. 30, 2021. On Feb. 6, 2022, the first […]

Wheat Market: Dry Conditions Continue Affecting Global Production Feb 17, 2022

🕔Feb 17, 2022
In a market-moving report in February, USDA cut its 2021/22 global wheat production estimate by more than 2 million metric tons (MMT) from its January estimate. USDA also increased its world wheat […]

Global Markets: Wheat – Ukraine Exports Lowered Slightly but on Track for a Record Feb 12, 2022

🕔Feb 12, 2022
Amid a bumper crop and competitive prices, Ukraine wheat exports are forecast at a record 24.0 million tons, with over 17.0 million exported between July and the end of January. […]

Feb. WASDE Report Holds Few Surprises, but Grain Markets Surge – DTN Feb 11, 2022

🕔Feb 11, 2022
The February USDA Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports provided few surprises, as there were only minor changes to report, and, as expected, USDA was […]

WASDE Wheat: Lower Domestic Use, Reduced Exports Feb 10, 2022

🕔Feb 10, 2022
The outlook for 2021/22 U.S. wheat this month is for stable supplies, lower domestic use, reduced exports, and higher ending stocks. Food use is lowered 3 million bushels to 959 […]

Wheat Market: What Is Driving Volatility? Feb 5, 2022

🕔Feb 5, 2022
Since late December, U.S. wheat futures prices moved down through mid-January and have bounced up and down since then. For example, prices surged early the week of January 24 but […]

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