World grain market: wheat and corn rose on Tuesday, soybean prices continued to decline

게시됨 2024년 10월 30일

Tridge 요약

The wheat market experienced a rise on Tuesday, October 29, 2024, following a government report that indicated the U.S. winter wheat crop was in worse condition than expected due to dry conditions in the Great Plains. As a result, wheat futures in the U.S. and Europe saw an increase. The U.S. Department of Agriculture reported that only 38% of the winter wheat crop is in good to excellent condition, a decrease from the previous year. In contrast, the European Commission reported a decrease in EU soft wheat exports. Additionally, the corn and soybean markets saw mixed results, with the corn market experiencing a slight increase due to the rapid pace of harvest, while the soybean market continued to decline due to improved weather and planting progress in South America.

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원본 콘텐츠

The wheat market was higher on Tuesday, October 29, 2024. By the end of the trading day, Chicago Board of Trade soft winter wheat futures for December settled at $209.62 per ton, Kansas City hard winter wheat futures for December settled at $211.00 per ton, and Minneapolis hard spring wheat futures for December settled at $222.85 per ton. The wheat complex rebounded on all three exchanges on Tuesday. Chicago SRW futures for December settled at $5.70-1/2, up 11 ¾ cents. Kansas City HRW futures settled at $5.74-1/4, up 12 ¾ cents. Minneapolis spring wheat settled at $6.06-1/2, up 11 1/4 cents. Wheat futures in the U.S. and Europe rose Tuesday after a government report showed the U.S. winter wheat crop was much worse than analysts had forecast, with dry conditions continuing across much of the Great Plains. Only 38% of the winter wheat crop is in good to excellent condition, the second-lowest for this time of year, according to the U.S. Department of Agriculture’s National ...

출처: Oilworld