Wheat Markets: Mixed Results, Strong Exports

Wheat markets experienced a mixed performance on Monday, with winter wheat prices declining and spring wheat holding steady or slightly increasing. Despite this, export inspections reported a substantial surge in wheat shipments, with over four hundred seventy-four thousand metric tons shipped in the week ending November twentieth. This marked a ninety-two percent increase from the previous week and a nearly thirty percent rise compared to the same week last year. The Philippines, Bangladesh, and Mexico were the top buyers. The total wheat shipped for the marketing year now stands at over twelve point eight million metric tons, a twenty percent increase from the same period last year. This robust export activity indicates a robust global demand for American wheat, despite recent price fluctuations. Looking ahead, delayed export sales data for corn is expected to show sales between three hundred fifty thousand and six hundred fifty thousand metric tons for the week of October ninth, further influencing the agricultural market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.