Russia raises its wheat stocks

Wheat futures struggled all day today as Russia this morning announced their wheat stocks were 35% higher than last year, surprising the trade. It appears Russia will continue to undersell the marketplace. Wheat rallies mostly hinge now on any damage that might ever occur to any of the three ports that are trying to export […]

Heartland Market Talk
Heartland Market Talk
Russia raises its wheat stocks
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Wheat futures struggled all day today as Russia this morning announced their wheat stocks were 35% higher than last year, surprising the trade. It appears Russia will continue to undersell the marketplace. Wheat rallies mostly hinge now on any damage that might ever occur to any of the three ports that are trying to export grain. Soybeans turned higher from a lower night session as rains entered Western Argentina. But the GFS weather models this morning stayed with a hot, dry pattern through Christmas.

Commodities, futures and options trading involves financial risk and should be considered carefully before making any trades. The information contained on this site is taken from sources, which we believe to be reliable, but is not guaranteed by us as to accuracy or completeness and is provided to you for information purposes only.

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