Weather issues are throwing into question forecasts for a record large global wheat crop this year, but wheat futures markets remain cautious.
Tag Archives wheat futures
Wheat price likely to remain weak unless corn shock occurs
Chances for a spring rally in wheat prices appear slim, and the best chance for changing that outlook might depend on another crop: corn.
Managed money bearish on spring wheat
Funds were easing their “permabear” approach to wheat futures but have returned to a substantial short position
The latest U.S. Commodity Futures Trading Commission commitment of trader’s report says managed money funds are taking an aggressive bearish position in spring wheat. This has certainly been part of an overall bearish stance by the funds in wheat futures markets. Funds have been bearish on wheat futures for the past two years but were […] Read more
Is the big short in wheat coming to an end?
The lifting of the wheat short position by the funds can be seen as a positive sign for wheat prices in the coming months
If there has been one consistent factor in the wheat futures market over the past two years, it has been that managed money funds have held a net short position. The latest Commodity Futures Trading Commission report indicated that funds bought back 10,102 contracts during the week ending on Oct. 1 but remain short a […] Read more
All eyes on Russian weather as wheat rebound
Russia is experiencing a rough transition from El Nino to La Nina, which could significantly bite into yields this year
SASKATOON — Wheat futures have gained back much of the ground they lost since the start of the year in the last couple of weeks. And there could be further appreciation on the horizon if World Weather Inc.’s forecast for Russia proves accurate. Related stories: There is a tendency for ridge-building in parts of Russia […] Read more
Weather, war lift wheat price, but can rally be sustained?
Wheat futures enjoyed a bump higher last week, a sign that the market is keeping an eye on Northern Hemisphere weather issues. Wheat values are still the lowest since the spring of 2021, but perhaps the steady price slide is coming to an end. Market reports suggested the drivers of the rally were the Russian […] Read more
