Chicago wheat fell 35.50usc/bu, Kansas eased 39.5usc/bu… | Report
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Lachstock Consulting was founded in 2007 in Australia and specialized in the grain market. Using accurate research & market analysis, they produce grain market reports that aim to reduce your costs and increase profitability.
Chicago wheat fell 35.50usc/bu, Kansas eased 39.5usc/bu and Minni shed 21.25usc/bu. Matif milling wheat was EUR$15.50/mt lower on the day while the Black sea contract was quoted USD$8.25/mt lower. Corn settled 16.25usc/bu lower, beans added 5usc/bu, meal was USD$4.30/st higher and beanoil eased 0.31usc/lb. Matif canola was EUR$4.00/mt down and Winnipeg closed up CAD$7.50/mt. The Dow added 48.38 points while the AUD closed at 0.7112
Global Highlights
Bleed continues. The market was actually higher most of the session but fell over within sight of the line. A combination of things – one of the more dominant was the announcement that China Customs and Ministry of Brazil signed an agreement on CIQ Inspections Requirement for Corn and Soymeal export. While the initial reaction was pretty bearish for the US, the reality is the impact will be negligible.
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