Wheat Trading with Midday Gains Following Stocks Cut
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2024
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Source: NASDAQ.COM
Wheat Market Gains: The wheat complex is experiencing gains across markets, with Chicago SRW futures up 1½ to 4 cents, KC HRW contracts rising 4 to 5 cents, and MPLS spring wheat increasing by 1 to 3 cents. The monthly WASDE report indicated a rise in US wheat exports and a decrease in ending stocks.
International Demand and Crop Progress: Japan has issued a tender for wheat imports from the US, Canada, and Australia, while Kansas reported a slight decline in winter wheat ratings. EU soft wheat exports are down compared to last year, reflecting changing market dynamics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
