The wheat market took a hit last week trading with sharp losses in almost every session. For the week ending July 26, September Minneapolis dropped 64 cents, September Chicago was off 59.25 cents and September Kansas City dropped 51 cents.RELATED CONTENT
Wheat traded with good strength all week with the exception of July 10 (which came under pressure from position squaring ahead of the U.S. Department of Agriculture’s July crop production report).RELATED CONTENT
Wheat surged forward last week, ending July 5 with sharp gains. September Minneapolis was 86.25 cents higher, September Chicago was 80.75 cents higher and September Kansas City gained 88 cents.RELATED CONTENT
The wheat market traded with strong gains again last week, as dry conditions take center stage. Most of wheat’s strength spilled over from the other grains as drought concerns continued to support corn and soybeans.RELATED CONTENT
Wheat traded sharply higher for last week. July Minneapolis gained 56.25 cents, September Minneapolis was up 29.25 cents, July Chicago was up 52.25 cents, September Chicago gained 51.75 cents, July Kansas City gained 53 cents and September Kansas City was up 54 cents.RELATED CONTENT
With the exception of July Minneapolis, the wheat markets traded moderately lower for the week. For the week ending June 14, July Minneapolis gained 25 cents, September Minneapolis was down 5.75 cents, July Chicago was down 8.5 cents, September Chicago lost 7.5 cents, July Kansas City lost 10 cents and September Kansas City was down 10 cents.RELATED CONTENT
Wheat started last week off on a strong note, but faltered for the rest of the week. For the week ending May 24, July Minneapolis dropped 15.5 cents, September Minneapolis dropped 14 cents, July Chicago dropped 34 cents, and July Kansas City gave up 18.5 cents. Wheat was under pressure from spill-over selling from the other grains as well as from high crop ratings for spring wheat.RELATED CONTENT
The winter wheat exchanges traded higher each day while Minneapolis was higher every day except May 14. For the week ending May 17, July Minneapolis gained 41 cents, September Minneapolis was up 38.5 cents, July Chicago was up 60.75 cents, September Chicago gained 55.5 cents, July Kansas City gained 62 cents and September Kansas City was up 58.5 cents.RELATED CONTENT
Wheat lost ground last week. The winter wheat exchanges traded higher for most of last week but one bad session will force them to leave with small losses while Minneapolis lost ground in every session.RELATED CONTENT
Wheat traded mixed last week with winter wheat exchanges gaining ground while Minneapolis drifted lower. For the week ending April 26, May Minneapolis dropped 23.25 cents, May Chicago was 10.25 cents higher, and May Kansas City was 13.25 cents higher. Weather was the main driver in all exchanges as frost concerns supported the winter wheat exchange while ideal conditions in the north encouraged planting progress.RELATED CONTENT
Wheat started the week sharply higher. Minneapolis continued to be the leader opening sharply higher and trading with as much as 20 cents gains at one point. Minneapolis was supported by poor harvest resulted.
The wheat markets traded mixed with Minneapolis by far the best performer. Minneapolis found support from poorer-than-expected harvest results while Kansas City and Chicago were pressured by forecasts calling for rain.
The wheat exchanges started the week sharply lower. Most, if not all, of the pressure in wheat was because of pressure from the outside markets, which also were under extreme pressure from a downgrade in the U.S. credit rating.
Wheat started the week on the defense with selling tied to spillover selling from a lower overnight session. Weather forecasts have dramatically improved, as most are calling for warm weather, not hot weather.
Wheat opened the week lower with pressure spilling over from a lower corn market. Additional selling pressure was because of a stronger U.S. dollar.
Wheat opened the week with losses, trading with red numbers throughout the day. The ongoing debt crisis in Europe resurfaced, this time in Italy.
The wheat market opened the July 5 session higher and traded with strong gains throughout the session. Early support was a result of technical buying as well as from spillover support from a stronger session for wheat in Europe.
Wheat opened the week sloppy with selling tied to pressure from a lower overnight session in Europe. Support was a result of technical buying as buy orders were triggered at support levels. Sell orders dominated the session soon after the opening bell and that forced all wheat contracts in all three exchanges to long-term support lines. The funds continue to be the major sellers of wheat.
Wheat opened the week lower, but Minneapolis cut its losses late to end with small gains. The winter wheat exchanges continued to be pressured by advancing harvest activity while the Minneapolis exchange was supported by continued acreage concerns. It is apparent that the planting season is over for the Northern Plains, but the question remains as to how much spring wheat was actually planted.
The wheat markets traded on the defense throughout the week with most of the selling pressure tied to improving weather conditions in the U.S. and Europe.