World Perspectives
wheat

Pasta versus Bread

Wheat is the largest and possibly oldest consumed food grain in the world, but its future is slowing down. Known as the staff of life, about 50 percent more wheat is consumed than rice, though about 18 percent of wheat destruction is from feed use. Bread is a predominant use of wheat, though pasta is also a demand medium. This past Saturday (17 October) was National Pasta Day, but all of November is National Bread Month. Globally, the OECD forecasts total wheat use increasing 1 percent between 2015 and 2024, which means that on a per capita basis, it will decline over that period by -0.01 percent. Consumption in North America is in decline and it is incurring slow growth in Europe. Turkey is the largest per capita consumer of wheat, using...

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GOOD MORNING, The night session featured a higher wheat market vs. lower markets elsewhere, supported by Matif corn and wheat that gapped into new highs overnight. Russia's restrictions and export taxes, ($1.65 export tax on wheat exports after March 1), could mean that as much as 5-7 mmt of Ru...

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SPREADS March crush falls further to 62c/bu, while oilshare weakens to 30.98%.    July/Dec corn inverse falls to 67 1/2c from 75c, while March/May trades from 2 1/4c to 3c carry.  March/May wheat trades from 3/4c to 1c carry.   March wheat/corn trades from 1.50c to 1.58...

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Summary of Futures

Mar 21 Corn closed at $5.315/bushel, down $0.0275 from yesterday's close.  Mar 21 Wheat closed at $6.755/bushel, up $0.055 from yesterday's close.  Mar 21 Soybeans closed at $14.1675/bushel, down $0.1375 from yesterday's close.  Mar 21 Soymeal closed at $463.2/short ton, down $1...

feed-grains soy-oilseeds wheat

AM Outlook - Busy Start

GOOD MORNING, The night session featured a higher wheat market vs. lower markets elsewhere, supported by Matif corn and wheat that gapped into new highs overnight. Russia's restrictions and export taxes, ($1.65 export tax on wheat exports after March 1), could mean that as much as 5-7 mmt of Ru...

feed-grains soy-oilseeds wheat

Technical Views - Wheat Up, Rest Down

SPREADS March crush falls further to 62c/bu, while oilshare weakens to 30.98%.    July/Dec corn inverse falls to 67 1/2c from 75c, while March/May trades from 2 1/4c to 3c carry.  March/May wheat trades from 3/4c to 1c carry.   March wheat/corn trades from 1.50c to 1.58...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 21 Corn closed at $5.315/bushel, down $0.0275 from yesterday's close.  Mar 21 Wheat closed at $6.755/bushel, up $0.055 from yesterday's close.  Mar 21 Soybeans closed at $14.1675/bushel, down $0.1375 from yesterday's close.  Mar 21 Soymeal closed at $463.2/short ton, down $1...

feed-grains soy-oilseeds wheat

Market Commentary: Russian Export Duties Spark Wheat Rally; Profit Taking Sends Corn, Soybeans Lower

The CBOT settled mostly lower heading into the long, three-day weekend with traders citing profit taking and uncertain macro markets as reasons for the lower trade. CBOT corn, soybeans, and wheat have all posted six- or seven-year highs this week and the overbought nature of these markets made...

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