Chicago wheat fell 6.25usc/bu, Kansas lost 6.5usc/bu… | Report

May 27, 2022 | Agricultural Markets

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Chicago wheat fell 6.25usc/bu, Kansas lost 6.5usc/bu while Minni added 11.75usc/bu. Matif milling wheat increased EUR$5.00/mt and the Black Sea contract rallied USD$3.25/mt. Corn lost 8.75usc/bu, soybeans ramped 44.75usc/bu, meal put on USD$4.60/st and beanoil closed 1.48usc/lb higher. Matif canola was EUR$27.75/mt higher while Winnipeg was CAD$26.80/mt up on the day. The Dow added 516 points and the Aussie went home at 0.7096

Global Highlights Risk on. Wheat was lower for most of the night session as the trade digested the renewed push to facilitate Ukrainian exports. Predictably, Russia reiterated that they are happy to, just as long as all sanctions are lifted. Not likely Price is seemingly doing the job in old crop US. Negative sales for the week make the USDA target close to impossible without the US giving away a bunch of wheat via donations

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