Marketing-Communications

Seasonal patterns still apply in most years, so use spring rally to price

After the USDA released its World Agricultural Supply and Demand Estimates (WASDE) Thursday, corn and soybeans took the lead story away from wheat. Ending stocks for wheat for 2017/18 have been lowered 25 million bushels, the report citing increased exports as the cause.

Wheat growers have had a rough go the last couple of years with low prices and the least amount of acres planted in nearly a century.

The CFTC has lodged some interesting allegations against Kraft Food that could have implications for market regulation. “If what the CFTC alleges is true, it kind of challenges the integrity of the entire market,” according to one source cited. “It’s normally the speculative players who get the bad reputation.”

Wheat fell to the lowest in almost three weeks in Chicago and corn declined amid speculation that tension between Ukraine and Russia will ease, improving the prospects for the Black Sea region’s grain exports.

Wheat rose for a second day in Chicago to the highest price in almost two weeks on concern freezing weather may damage crops in the U.S.

Wheat futures rose this morning amid expectations that demand for supplies from the U.S. and Europe will increase as exports from the Black Sea region slow.

Wheat prices were pulled lower with bearish news for corn in recent weeks, but a change is in the works, creating price optimism and profitable marketing opportunities.

Transactions will shift next week to the Chicago Board of Trade.

Monsanto Co. may face more complaints from farmers even as tests so far haven’t shown unapproved gene-altered wheat anywhere beyond the Oregon farm.