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Grains Move Back Down Wednesday End Lower
Grain bids were slightly to moderately lower. The grain markets saw pressure from the lower outside markets.
Wheat Moderately Higher
December Chicago wheat closed moderately higher on the day Wednesday with support from Kansas City hard red wheat as the clear leader to the upside in the past week.
Wheat Market Moves Back Down
Chicago and Kansas City wheat took a step back Friday as traders took profits ahead of the weekend following the sharp rally on Thursday.
Wheat Market Slightly Lower
Wheat markets traded slightly lower on the day ahead of Wednesday's Supply and Demand report.
Wheat Market Moves Higher
Pre-report positioning dominated price action in the wheat market Tuesday as traders prepare for tomorrow's Prospective Plantings and Quarterly Grain Stocks Reports.
Wheat Market Had Steady Support
Wheat futures were supported by corrective buying and signs of increased demand. That allowed wheat futures to firm in the face of strong pressure from corn and the U.S. dollar.
Wheat Market Up Again
Wheat futures traded double-digit higher for much of the morning Thursday, but the market backed well off these levels after midday to end several cents higher in Chicago.
Wheat Market Traded Lower Again
KC and Chicago wheat traded lower on the day Tuesday after forecasts suggested a much more active weather pattern over the next two weeks for not only the eastern Corn Belt but for the west as well.
Wheat Market a Bit Higher
KC and Chicago wheat traded lower early in the session but managed to close higher on the day Wednesday.
Traders Playing it Safe Ahead of USDA's Reports
KC and Chicago wheat traded lower into the closing bell Thursday. It was reported that the US sold a portion of the Egyptian wheat tender in the morning which added a supportive tilt to the market.
Wheat Market Pressured by Weather
March Chicago and KC wheat traded lower on the day Thursday after snow and rainfall moved across the western plains and into the eastern Corn Belt overnight with likely help to soil moisture conditions for some growing regions.
Wheat Market Up Again
December Chicago wheat closed higher for its 4th straight session and finally broke above the $9.00 level on Thursday. Positive technical signals along with surging European wheat markets continue to offer support to the bull camp.
Wheat Market Has Modest Losses
Wheat closed with modest losses compared to beans and corn with a late
round of buying support.
Wheat and Corn Up Again
Wheat futures were supported throughout Monday by strength in the corn market. Wheat weekly export inspections came in at 31.6 million bushels which was sharply higher than trade expectations.
Wheat and Corns Markets Lower
Wheat closed lower and gave back a good portion of Monday's gain on a lower dollar and followed corn to the downside.