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Chicago wheat rallied 24.5usc/bu Kansas… | Report

May 24, 2022 | Agricultural Markets News

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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 rallied 24.5usc/bu Kansas added 24.75usc/bu and Minni settled 19.50usc/bu higher. Matif milling wheat increased EUR$5.25/mt and the Black Sea snapped back, to close USD$3.50/mt higher. Corn rallied ahead of the planting report, adding 7.25usc/bu Soybeans lost 18usc/bu, meal dropped USD$6.70/st and beanoil lost 0.39usc/lb. Matif canola eased EUR$7.00/mt and Winnipeg added CAD$10.80/mt. The Dow ramped 618 points higher and the AUD went home at 0.7090

Global Highlights
Feast or famine. Take your pick. The top and tail on export estimates alone are enough to keep the market interested. Fair to say, at current spreads, the US is doing little in the way of exports for new crop. However, I am not sure that matters today. The conjecture around spring planting found some answers

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