Global grain market: Prices for wheat, corn, and soybeans continued to rise on Monday

게시됨 2024년 11월 19일

Tridge 요약

The wheat market saw a rise on November 18, 2024, with futures increasing across various boards, including Chicago, Kansas City, and Minneapolis, following the Biden administration's authorization of long-range strikes by Ukraine. Despite being 2% behind the average, the U.S. winter wheat planting was 94% completed as of November 17. However, wheat export inspection figures showed a significant drop from the previous week. Meanwhile, corn futures also experienced a rise, driven by a increase in wheat futures. Soybean futures also rose due to a variety of factors, but gains were capped by favorable weather in Brazil and lower soybean oil prices. The French wheat market also saw growth.

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원본 콘텐츠

On Monday, November 18, 2024, the wheat market continued to rise. December soft winter wheat quotes on the Chicago Board of Trade CBOT rose to $201.08 per ton, December hard winter wheat futures in Kansas City - to $204.02 per ton, December hard spring wheat futures in Minneapolis MGEХ - to $214.95 per ton. December SRW futures in Chicago closed at $5.47-1/4, up 10 ¾ cents. HRW futures in Kansas City closed at $5.55-1/4, up 15 ¼ cents. Minneapolis spring wheat closed at $5.85, up 12 ¾ cents. World wheat futures rose Monday, November 18, after the Biden administration announced it had authorized Ukraine to launch long-range strikes into Russia using U.S.-supplied missiles. The NASS weekly Crop Progress report showed U.S. winter wheat planting was 94% complete as of November 17, 2 percentage points behind the average, with 84% of fields emerging. The export inspection report showed that only 196,281 metric tons of wheat were shipped in the week ending November 14. That was down ...

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