US: Grains get pinched by bearish signals

게시됨 2022년 12월 22일

Tridge 요약

Grain markets experienced bearish sentiment on Thursday, with soybeans and corn seeing significant losses, while wheat prices were mostly lower with Kansas City HRW contracts bucking the trend. The Dow had a significant selloff, driven by the tech sector and recession concerns, and energy futures also declined. Despite the macro market signals, tight supplies and potential short crops could keep prices firm. The European Commission reduced its estimates for EU corn production due to hot, dry weather, and wheat export sales were slightly below trade expectations. Japan and Iraq have purchased wheat from the U.S. and Canada, respectively.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

There’s plenty of holiday cheer in the air as Christmas draws near, but that optimism didn’t make it to the grain markets on Thursday after bearish sentiment kicked most commodity prices lower. Soybeans incurred double-digit losses, while corn prices eased 0.3% lower. Wheat prices were mostly lower, but Kansas City HRW contracts bucked the overall trend after testing modest gains of around 0.25%. As Winter Storm Elliot makes its way across the Midwest, most areas east of the Mississippi River will see at least some rain or snow between Friday and Monday, per the latest 72-hour cumulative precipitation map from NOAA. If you’re wondering what areas are most likely to experience a White Christmas this year, The Weather Channel has served up its 2022 prediction. On Wall St., the Dow dropped 630 points to 32,746 amid a recent selloff, anchored by losses in the tech sector along with lingering concerns that the U.S. is heading toward a recession. Energy futures were also in the red, ...

출처: Prairie Grain Partners