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feed-grains soy-oilseeds wheat

Market Commentary

The sharp jump in world wheat prices on the back of wheat production losses in Russia, the EU, Australia and elsewhere along with the government’s $12 billion aid package for farmers harmed by retaliation against President Trump’s recent imposition of tariffs are the topics of the day for grain and soy futures markets. Yesterday Egypt bought 420,000 MT of Black Sea wheat at prices that were about $15.00/MT higher than what it paid earlier in July. That shows in stark fashion the impact of smaller wheat crops due to adverse weather in several key wheat-exporting countries. Euronext Paris September wheat futures closed at 200.50 euros, the highest level since 2015. The CME’s overnight trading featured an unusually heavy vol...

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