World: Wheat and corn rose prices, soybeans fell on Wednesday

Published 2024년 11월 21일

Tridge summary

The wheat market experienced a surge on November 20, 2024, due to escalating tensions in the Black Sea, with all three markets closing higher. U.S. wheat futures rose for the third consecutive day, despite an initial decline, and export sales data is anticipated to show total wheat sales for the week ending Nov. 14. The corn market also saw gains, limited by the end of the harvest, while soybean futures hit a two-week low due to expectations of a large South American harvest and uncertainty about biodiesel demand. The French wheat market also saw an increase.

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

Original content

The wheat market was back on track Wednesday, November 20, 2024, as tensions in the Black Sea escalated, with all three markets closing higher. Chicago Board of Trade December soft winter wheat futures rose to $203.01 per ton, Kansas City Hard Winter Wheat Futures for December settled at $206.40 per ton, and Minneapolis Hard Spring Wheat Futures for December settled at $217.52 per ton. U.S. wheat futures gained ground for the third day in a row Wednesday, despite an initial decline seen early in the trade. Chicago SRW Futures for December settled at $5.52-1/2, up 2 ¾ cents. Kansas City HRW futures settled at $5.61-3/4, up 3 ½ cents. Minneapolis spring wheat settled at $5.90-1/2, up 3 ¾ cents. Ukraine fired a salvo of British Storm Shadow cruise missiles at Russia on Wednesday, which it was cleared to use, a day after it fired U.S. missiles. The news revived concerns about Black Sea grain supplies, but market reaction was muted due to the lack of immediate disruption to grain ...

Source: Zol