World grain market: Wheat fell, while corn and soybeans rose on Thursday

Published 2024년 12월 20일

Tridge summary

The wheat market experienced a decline for the third consecutive day on December 19, 2024, due to high global supply and a stronger dollar. U.S. wheat export sales data showed a four-week high, with significant purchases from the Philippines and South Korea. Despite Russian export measures and Argentine low prices, international competition remains strong. In contrast, the corn market saw gains, with increased export sales, particularly to Mexico and South Korea. Soybean futures also rose, supported by weaker currencies and new U.S. sales, despite rain in Brazil and bearish markets. The French wheat market also experienced a decline.

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

Original content

The wheat market fell for a third straight day on Thursday, December 19, 2024, due to ample global supplies and a stronger dollar. Chicago Mercantile Exchange (CBOT) March soft winter wheat futures settled at $195.84 per ton, Kansas City (KCBT) March hard winter wheat futures settled at $199.61 per ton, and Minneapolis (MGEX) March hard spring wheat futures settled at $215.50 per ton. Chicago March SRW futures settled at $5.33, down 8 ¼ cents. Kansas City March HRW futures settled at $5.43-1/4, down 5 ½ cents. Minneapolis spring wheat futures for March delivery settled at $5.86-3/4, down 5 1/4 cents. The U.S. Department of Agriculture released export sales data Thursday morning showing total wheat shipments for the week ended Dec. 12 at 457,933 tons. That was a four-week high and the top end of trade expectations of 225,000 to 550,000 tons. The Philippines bought a total of 83,000 tons, including 80,800 tons sold to Venezuela. A South Korean importer bought 86,800 tons of U.S. ...

Source: Zol