Latest news with #grains
Yahoo
21-07-2025
- Business
- Yahoo
Monday Midday Price Quotes Mostly Lower for Wheat
Wheat is starting the new week 3 to 4 cents lower by midday across the three exchange traded contracts in the US. An early attempt to move higher failed to take out Friday's highs and the longs bailed. The wheat market was in rally mode on Friday. CBT prices were 12 to 13 cents higher across most nearbys, with September up 1 1/4 cents. KC contracts were 11 to 12 cents in the green, as Sep was up 4 ¾. The Wheat Quality Council Tour is this week and will generate some social media reports on spring wheat prospects. More News from Barchart What is Watson Watching in the Grains Sector this Week? Soybean Meal Prices Are Rebounding. How Much Higher Can They Go? Brazil Coffee Harvest Pressures Hammer Prices Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Bangladesh has signed a memorandum of understanding to purchase 700,000 MT of US wheat on an annual basis over the next 5 years. The total exports from the US to Bangladesh over the last 5 years combined is 648,567 MT CFTC data showed spec traders in CBT wheat futures and options adding 4,893 contracts to their net short Chicago wheat position in the most recent reporting period, taking it to 60,487 contracts. They were busy increasing their net short in KC wheat as week by 4,683 contracts to 48,002 contracts as of 7/12. This morning's USDA weekly export inspections report shows 732,290 MT inspected in the week ending July 17. That was an improvement from 444,631 MT in the previous week, and well above the 290,636 MT loaded out the same week in 2024. Year to date inspections for the marketing year that began June 1 at 3.021 MMT, up 13.7% from year ago. Sep 25 CBOT Wheat is at $5.42, down 4 1/4 cents, Dec 25 CBOT Wheat is at $5.63 1/4, down 3 3/4 cents, Sep 25 KCBT Wheat is at $5.26, down 3 cents, Dec 25 KCBT Wheat is at $5.49 1/2, down 2 cents, Sep 25 MGEX Wheat is at $5.90, down 5 1/2 cents, Dec 25 MGEX Wheat is at $6.11 3/4, down 4 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
21-07-2025
- Business
- Yahoo
Soybean Meal Prices Are Rebounding. How Much Higher Can They Go?
December soybean meal futures (ZMZ25) present a buying opportunity on more price strength. See on the daily bar chart for December soybean meal futures that prices have seen a good rebound from the recent low, including producing a technically bullish weekly high close last Friday, which is one chart clue that a market bottom is in place. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator has just produced a bullish line crossover signal, whereby the red MACD line has crossed above the blue trigger line and both lines are trending up. More News from Barchart What is Watson Watching in the Grains Sector this Week? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Fundamentally, it appears all the bearish news in the soybean market — namely good growing weather in the U.S. and world trade uncertainty — has been factored into futures prices. Chart price history shows that soybean meal prices under $300 a ton are a value-buying opportunity. A move in December soybean meal futures above chart resistance at $290.00 would give the bulls more power and it would also become a buying opportunity. The upside price objective would be $310.00, or above. Technical support, for which to place a protective sell stop just below, is located at $280.00. IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you. On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
16-07-2025
- Business
- Zawya
Algeria buys about 1mln T wheat in tender, traders say
HAMBURG/PARIS: Algerian state grains agency OAIC has bought about 1 million metric tons of milling wheat in an international tender which closed on Tuesday, European traders said. Several estimates of the purchase late on Tuesday evening were around 1.05 to 1.08 million tons, with volumes bought in Algerian tenders generally difficult to precisely assess. Purchases were reported in a range, with buying reported at $253, $255 and $257 a metric ton, cost and freight (c&f) included, they said. Most was bought at $257 a ton c&f, with only a couple of consignments believed to have been purchased at the lower prices, they said. The wheat is optional origin, but first assessments were sourced from the Black Sea region, possibly including Ukraine, Russia and Bulgaria. Some could also be sourced from the Baltic Sea region, traders said. Reports reflect assessments from traders, and further estimates of prices and volumes are possible later. The wheat was sought for shipment in three periods from the main supply regions including Europe: September 16-30, October 1-15 and October 16-31, with the agency apparently deciding to skip purchases for the first half of September. If sourced from South America or Australia, shipment is one month earlier. Algeria is a vital customer for wheat from the European Union, especially France, but Russian and other Black Sea region exporters have been expanding strongly in the Algerian market. In its last reported tender on June 17, the OAIC bought an estimated 550,000 to 570,000 tons of milling wheat at around $244.50 to $245 a metric ton c&f. (Reporting by Michael Hogan in Hamburg and Gus Trompiz and Sybille de La Hamaide in Paris; Editing by Ros Russell, Emelia Sithole-Matarise and Leslie Adler)
Yahoo
12-07-2025
- Business
- Yahoo
Cocoa Demand Concerns Hammer Prices
September ICE NY cocoa (CCU25) Thursday closed down -317 (-3.78%), and September ICE London cocoa #7 (CAU25) closed down -248 (-4.57%) Cocoa prices on Thursday posted sharp losses due to concerns about cocoa demand. Chocolate maker Barry Callebaut AG reduced its sales volume guidance for a second time in three months on Thursday, citing persistent cocoa price volatility. The company projects a decline in full-year sales volume and said it "saw its largest decline in a decade in the third quarter." Coffee Prices Slip on Brazilian Real Weakness and Increased Supplies The Golden Rule of Grains: Why "Imaginary Fundamentals" Are Crushing Corn & Soybeans Will it Be a Watson Wednesday? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Cocoa prices have sold off over the past month on signs of higher global cocoa production, with NY cocoa posting a 2.5-month low Monday and London cocoa posting an 8-month nearest-futures low. Last Tuesday, the Ghana Cocoa Board projected the 2025/26 Ghana cocoa crop would increase by +8.3% y/y to 650,000 from 600,000 MT in 2024/25. Ghana is the world's second-largest cocoa producer. A supportive factor for cocoa is the sign of a slowdown in Ivory Coast cocoa exports. Monday's government data showed that Ivory Coast farmers shipped 1.71 MMT of cocoa to ports this marketing year from October 1 to July 6, up +6.2% from last year but down from the much larger +35% increase seen in December. There are reports that heavy rain in the Ivory Coast is keeping cocoa growers off their farms and is disrupting the ongoing mid-crop cocoa harvest. In a bearish factor, ICE-monitored cocoa inventories held in US ports climbed to a 10-month high of 2,363,861 bags on June 18 and were modestly below that high at 2,319,150 bags as of Thursday. In a bearish report released on June 25, Nigerian May cocoa exports fell by -29% y/y to 14,110 MT. Nigeria is the world's fourth-largest exporter of cocoa. Cocoa prices have support from quality concerns regarding the Ivory Coast's mid-crop cocoa, which is currently being harvested through September. Cocoa processors are complaining about the quality of the crop and have rejected truckloads of Ivory Coast cocoa beans. Processors reported that about 5% to 6% of the mid-crop cocoa in each truckload is of poor quality, compared with 1% during the main crop. According to Rabobank, the poor quality of the Ivory Coast's mid-crop is partly attributed to late-arriving rain in the region, which limited crop growth. The mid-crop is the smaller of the two annual cocoa harvests, which typically starts in April. The average estimate for this year's Ivory Coast mid-crop is 400,000 MT, down -9% from last year's 440,000 MT. Concern about consumer demand for cocoa and cocoa products is bearish for cocoa, driven by fears that tariffs will exacerbate already high cocoa prices. On April 10, Barry Callebaut AG, one of the world's largest chocolate makers, reduced its annual sales guidance due to high cocoa prices and tariff uncertainty. Also, chocolate maker Hershey Co. recently reported that Q1 sales fell by 14% and said it anticipated $15-$20 million in tariff costs in Q2, which will boost chocolate prices and further weigh on consumer demand. Mondelez International reported weaker-than-expected Q1 sales, stating that consumers are cutting back on snack purchases due to economic uncertainty and high chocolate prices. Weaker demand from cocoa processors was seen in Q1. Q1 North American cocoa grindings fell -2.5% y/y to 110,278 MT. Q1 European cocoa grindings fell -3.7% y/y to 353,522 MT. Q1 Asian cocoa grinding fell -3.4% y/y to 213,898 MT. On May 30, the International Cocoa Organization (ICCO) revised its 2023/24 global cocoa deficit to -494,000 MT from a February estimate of -441,000 MT, the largest deficit in over 60 years. ICCO said 2023/24 cocoa production fell -13.1% y/y to 4.380 MMT. ICCO said the 2023/24 global cocoa stocks/grindings ratio fell to a 46-year low of 27.0%. Looking ahead to 2024/25, ICCO on February 28 forecasted a global cocoa surplus of 142,000 MT for 2024/25, the first surplus in four years. ICCO also projected that 2024/25 global cocoa production will rise +7.8% y/y to 4.84 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
11-07-2025
- Business
- Bloomberg
Mideast Conflict Is Latest Threat to Global Fertilizer Supplies
Recent tensions in the Middle East are the latest reminder of the risks to crucial fertilizer supplies from the embattled region. Almost half of the world's shipments of urea, a nitrogen-based fertilizer relied on by farmers to grow grains and other key crops, come from the Mideast, Rabobank senior analyst Samuel Taylor said in a report this week. The latest escalation of violence between Israel and Iran had raised fears over a possible closure of the Strait of Hormuz, a critical export channel.
