World grain market: wheat, corn and soybeans fell on Thursday

Published 2024년 11월 22일

Tridge summary

The wheat market experienced a decline on November 21, 2024, due to a stronger dollar, with futures for December settlement at $201.63, $204.11, and $216.05 per ton for Chicago, Kansas City, and Minneapolis wheat, respectively. Despite this, export sales data showed a notable increase, with South Korea and Mexico as the top buyers. The corn market also saw a decline, but export sales for the week ending Nov. 14 showed an increase, with Mexico as the largest buyer. The soybean market experienced a fall due to a drop in soybean oil prices and the rise in the dollar, despite private export sales to China. The French wheat market saw a slight rise, while the Paris MATIF exchange experienced a decrease in closing quotes for milling wheat and corn. The International Grains Council reported a decrease in world wheat, corn, and soybean stocks due to increased consumption.

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

Original content

The wheat market was lower on Thursday, November 21, 2024. Chicago Board of Trade soft winter wheat for December settled at $201.63 per ton, Kansas City hard winter wheat for December settled at $204.11 per ton, and Minneapolis hard spring wheat for December settled at $216.05 per ton. The wheat complex was under pressure from a stronger dollar on Thursday, with the U.S. dollar index reaching a one-year high. Chicago SRW futures for December settled at $5.48-3/4, down 3 ¾ cents. Kansas City HRW futures settled at $5.55-1/2, down 6 ¼ cents. Minneapolis spring wheat settled at $5.88, down 4 cents. Export sales data released Thursday morning showed total wheat sales for the week ending Nov. 14 totaled 549,601 tonnes. That was at the high end of estimates of 275,000 and 600,000 tonnes and up 9.42% from the previous week. The week’s top buyers were South Korea with 200,100 tonnes and Mexico with 91,000 tonnes. Taiwan bought 80,000 tonnes of U.S. wheat in its tender overnight. ...

Source: Zol