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

Published 2024년 12월 20일

Tridge summary

The wheat market has experienced a downturn for three consecutive days due to high global supplies and a stronger dollar. Despite this, the U.S. exported large quantities of wheat to the Philippines and South Korea, and Tunisia is expected to buy around 200,000 tonnes of soft and durum wheat. Meanwhile, the corn market has rebounded, with significant sales to Mexico, Japan, and Colombia. Soybean futures also saw gains, buoyed by a weaker real against the U.S. dollar, new U.S. sales, and higher derivative prices. The French wheat market, on the other hand, saw a decline.

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

Original content

On Thursday, December 19, 2024, the wheat market fell for the third day in a row due to high global supplies and a stronger dollar. Chicago Board of Trade soft winter wheat futures for March settled at $195.84 per ton, Kansas City hard winter wheat futures for March settled at $199.61 per ton, and Minneapolis hard spring wheat futures for March settled at $215.50 per ton. Chicago SRW futures for March settled at $5.33, down 8 ¼ cents. Kansas City HRW futures for March 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 of wheat, including 80,800 tons sold to Venezuela. A South Korean importer bought 86,800 tons of U.S. ...

Source: Oilworld