Chicago Wheat Commodity Markets, Prices & Futures
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Latest News From Chicago Wheat
Oliver Sloup, Blue Line Futures, says it was roller coaster week in both grain and livestock futures due to on again, off again tariff talk. Are calmer waters ahead?
Allison Thompson of The Money Farm says grains markets extended gains for a second day with talk of ag exemptions and then another 30 day extension on tariffs on Mexico and Canada.
Russia’s 2024-25 wheat exports are expected total 40.5 MMT.
Jim McCormick with AgMarket.Net says the grain markets made new lows for the move on fund liquidation and technical selling pressure tied to trade retaliation by Canada, Mexico and China.
Shawn Hackett, Hackett Financial Advisors, says the technical selling pressure hit commodity and outside markets and was tied to uncertainty regarding tariffs being placed on Canada and Mexico on March 4 and bearish economic news.
Joe Kooima, Kooima Kooima Varilek, says the grain markets bounced overnight and saw a higher opening but funds used that strength to liquidate or sell more contracts.
Darren Frye, Water Street Solutions, says corn, wheat and hogs reacted negatively to the 25% tariffs being imposed on Canada and Mexico on March 4.
Secretary of Agriculture Brooke Rollins confirms those payments will be released before the March 21 current deadline in an exclusive interview with Farm Journal on Thursday morning. She also outlined the timing of the $1 billion just announced to combat avian flu.
Allison Thompson with The Money Farm, says corn and wheat are reacting negatively to the breaking news that 25% tariffs will not be delayed and will go into effect on March 4 on Canada and Mexico and larger acreage estimates from USDA.
Mark Schultz, Northstar Commodity, says grains saw pressure on the continued on again off again new regarding tariffs.