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Wheat Exports Falls Off After Recent Strong Weeks
U.S. wheat exports have reversed from a recent trend of strong sales, with this week's sales falling below analyst expectations.
Chicago SRW wheat prices continue to weaken while sentiment for soybean and corn is bullish.
Weekly overview. This week, the price of hard red winter wheat (HRW) continued to decline due to the improved crop outlook for wheat.
U.S. Corn Export Sales Fall Below Forecasts
Export sales of U.S. corn reported by the Department of Agriculture this week fell below the estimates of analysts surveyed by The Wall Street Journal.
Chicago SRW wheat futures have fallen for the third consecutive week, while soybean futures have remained relatively stable.
Weekly Overview - Price Changes This Week: Over the past week, CBOT agricultural commodity prices have fallen. Wheat prices have fallen due to improved HRW crop prospects, while corn and soybean prices have remained relatively stable.
Grain Futures Fall As Markets Brace For La Niña -- Market Talk
The end of El Niño and the approaching of La Niña weather conditions announced yesterday by the U.S. Climate Prediction Center could have different impacts on U.S. crops, says Terry Reilly, of Marex.
USDA Reports Flash Export Sales of U.S. Soybeans -- Market Talk
U.S. exporters reported sales of 120,000 metric tons of soybeans to unknown destinations during the current marketing year, according to the USDA.