Global grain market: Soybeans fell on Monday, wheat and corn closed mixed

Published 2024년 12월 3일

Tridge summary

The wheat market experienced a downturn on most exchanges, with the exception of nearby December winter wheat futures, while nearby December SRW futures also saw a decrease. However, prices were mixed for hard winter and spring wheat futures. Export inspection data showed a decrease in wheat shipments, with the Philippines as the top recipient, and an increased production forecast for Australia. Russia plans to export 1.5 million tonnes of wheat to Morocco, while corn's performance was mixed. Argentina's agricultural heartland received much-needed moisture, and soybean planting is ahead of schedule. Despite optimistic forecasts, drought in southern Brazil poses risks. The article also reports a increase in the French wheat market on Monday.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On Monday, December 2, 2024, the wheat market was mostly lower on three exchanges, while nearby December winter wheat futures showed gains. March soft winter wheat quotes on the Chicago Mercantile Exchange CBOT fell to $201.08 per ton, March hard winter wheat futures in Kansas City fell to $198.60 per ton, and March hard spring wheat futures in Minneapolis MGEX fell to $215.96 per ton. December SRW futures in Chicago settled at $5.32-1/4, down 5 ½ cents. March SRW futures in Chicago settled at $5.47-1/4, down ¾ cents. Kansas City December HRW futures settled at $5.23-3/4, up 3 cents. Kansas City March HRW futures settled at $5.40-1/2, down 1/4 cent. Minneapolis December spring wheat futures settled at $5.60, down 12 1/2 cents. Minneapolis March spring wheat futures settled at $5.87-3/4, down 4 cents. Weekly export inspection data showed 296,106 metric tons of wheat were shipped in the week ended Nov. 28, down 18.83 percent from the previous week and up 57.25 percent from a year ...

Source: Zol