World grain market: Wheat, corn, soybeans fall in Chicago, United States on Thursday

Published 2024년 9월 27일

Tridge summary

The wheat market closed with losses on Thursday, September 26, 2024, due to weak export sales and position adjustments ahead of key government reports. Chicago Board of Trade December soft winter wheat futures, Kansas City Hard Winter Wheat Futures, and Minneapolis Hard Spring Wheat Futures all fell. The decline was limited by global weather concerns in major wheat-growing regions. Meanwhile, corn and soybean futures also experienced a decline due to improved weather conditions and weak export data, despite China setting its wheat and corn import quota for 2025. In contrast, the French wheat market saw a rise on Wednesday.

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

Original content

The wheat market closed lower on Thursday, September 26, 2024. Chicago Board of Trade December soft winter wheat futures fell to $214.67 per ton, Kansas City Hard Winter Wheat Futures for December settled at $212.74 per ton, and Minneapolis Hard Spring Wheat Futures for December settled at $224.68 per ton. The wheat complex closed with losses on three exchanges on Thursday, with the decline limited by global weather concerns in major wheat-growing regions. Chicago SRW Futures for December settled down 5 cents. Kansas City HRW Futures settled at $5.79, down 2 cents. Minneapolis spring wheat settled at $6.11-1/2, down 5 1/2 cents. Market analysts said wheat futures fell as weak weekly export sales weighed on prices and traders adjusted positions ahead of two key government reports. All-in wheat export sales for the 2024/25 season hit a record low of 158,938 mt, below expectations of 200,000-600,000 mt for the week ending Sept. 19. Chile was the largest buyer with 83,000 mt, and the ...

Source: Oilworld