World wheat market for the past week

Published 2022년 7월 25일

Tridge summary

The article reports a decrease in the prices of all wheat futures on the main exchange platforms, with falling prices for soft red winter wheat, corn, and soybean futures despite positive reports from the USDA on the pace of the US harvest and the condition of the wheat crop. The article also highlights the impact of hot weather on planting and harvesting other row crops, leading to a delay in the selling of wheat by farmers with ample on-farm storage. Additionally, the article discusses the stoppage of bread production by Nigerian bakers' associations due to rising costs of ingredients, and concerns about the USDA's supply and demand forecasts for Canadian wheat.

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

Original content

07/25/2022 • All wheat futures on the main exchange platforms ended the week with a fall. CBOT soft red winter wheat futures on SWOT (SRW) fell $6.53/MT. CBOT corn futures fell to $15.74. CBOT soybean futures were down $11.57 (Friday-to-Friday). • All wheat futures on major exchanges closed the week down. CBOT soft red winter wheat futures on SWOT (SRW) fell $6.53/MT. CBOT corn futures fell to $15.74. CBOT soybean futures were down $11.57 (Friday-to-Friday). CBOT SWOT Soft Red Winter Wheat (SRW) Futures CBOT Corn Futures CBOT Soybean Futures • USDA's weekly reports were positive on both the pace of the US harvest and the condition of the wheat crop. Buyers are also looking to take advantage of the downward trend in wheat prices. Many farmers in the US have a lot of on-farm storage and are not willing to sell wheat anytime soon. Hot weather before harvesting other row crops and planting winter wheat creates a "wait and see" approach for many farmers. • USDA's weekly reports were ...

Source: Agriagency