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Wheat Poised for Weekly Slump As Supply, Demand in Focus

Wheat futures are on track for a weekly decline as investors are concentrating on the latest supply and demand data from key markets. The slump in wheat prices comes as the US and Japan reached a tentative trade deal that would open up Tokyo’s agricultural sector to American goods, including corn and wheat. December wheat futures fell $0.0575, or 1.22%, to $4.67 per bushel at 12:47 GMT on Friday...

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Wheat Edges Up on Flurry of Industry Activity

Wheat futures finished the Wednesday trading session in positive territory, somewhat rebounding from the downward trend that has plagued the agricultural commodity for much of the year. Wheat prices posted tepid gains on a flurry of industry activity, but investors might be more concerned about President Donald Trump’s recent remarks about US wheat. September wheat futures tacked on $0.03, or 0.64%, to $4.75 per bushel...

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Myanmar’s growing taste for wheat launches new journeys

When the bulk carrier New Journey was put to sea in January 2015, Myanmar was in the depths of civil war. Clashes between the Myanmar Army and Myanmar National Democratic Alliance Army killed more than 200 people in the early months of 2015, and displaced over 50,000 civilians. The South Asian country hadn’t held an openly contested election in nearly thirty years. Four years later, on May 9, 2019, the 177-meter-long, 36,000 deadweight tonne ship arrived at a very different Myanmar....

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Corn & Wheat Decline, Soybean Rally After USDA Acreage

Corn dropped and soybeans rallied after the US Department of Agriculture released its updated acreage estimates. Wheat joined corn in decline. The USDA estimated that the area planted by corn was at 91.7 million acres in 2019, up 3% from the previous year. That is below the previous estimate of 92.8 million acres but above market expectations of 86.6 million acres. Soybeans acreage was pegged at 80.0 million, down 10% from...

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Wheat Crashes to Six-Week Low As Good Weather Helps Crops

Wheat futures are crashing to their lowest levels in six weeks on Tuesday, driven by good weather conditions that are helping crops. But the ample supplies are not being scooped by millers because they are likely expecting prices to come down even further. May wheat futures tumbled $0.095, or 2.23%, to $4.1725 per bushel at 15:29 GMT on Tuesday on the Chicago Board of Trade (CBoT). Wheat prices have plunged nearly 5%...

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Wheat Plunges As Prices Face Pressure From Global Inventories

Wheat futures are plunging on Tuesday as the agricultural commodity faces increasing pressure from soaring global stockpiles. Investors are also keeping a close eye on a US delegation visiting Brazil to discuss with industry leaders about higher import demand amid incoming quotas from the government. May wheat futures tumbled $0.1175, or 2.56%, to $4.4775 per bushel at 15:03 GMT on Tuesday on the Chicago Board of Trade (CBoT). Wheat has joined domestic agriculture’s bear market, plummeting...

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Wheat Futures Flat As Traders Wait for April Showers

Wheat futures are trading sideways on Thursday as investors appear to be waiting for weather conditions to affect short-term patterns. With more rain expected in the Midwest, potentially impacting commodity prices, traders are taking a wait-and-see approach to wheat. Investors already got burned on spring wheat futures as flooding effects on acreage have greatly diminished in recent days. May wheat futures dipped $0.0025,...

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Grains Show Mixed Performance After USDA Supply Report

Grains showed mixed performance on the market today, with corn falling, wheat rising, and soybeans being little changed. That is surprising, considering that the February World Supply and Demand Estimates released by the US Department of Agriculture were bullish for corn and soybeans, while being bearish for wheat. The USDA did not release the report in January due to the lack of funding caused...

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Wheat Dips As Market Imbalance Expected in 2019

Wheat futures are trading lower as the latest developments in the global wheat market suggest that an industry imbalance is brewing this year. With many agricultural commodities coming under pressure over the last 12 months, wheat has been performing modestly well, climbing 4.5% so far this year. The demand is there, but will supply fail to keep up? March wheat futures dipped $0.05, or 0.1%, to $5.255 per bushel at 13:36 GMT...

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Commodities Trade in Red During Friday’s Session

The vast majority of commodities posted losses during the Friday’s European trading session. Crude oil reversed yesterday’s gains today. Yesterday, the commodity surged about 3% on the news that Saudi Arabia is going to limit its exports to the United States in effort to drain US stockpiles of crude. Yet today, futures for oil declined as the market sentiment got hit by disappointing macroeconomic data...

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