CBOT wheat sinks to contract lows on big global supply
CHICAGO, Aug 14 (Reuters) - Chicago Board of Trade wheat futures fell to new contract lows on Thursday, weighed down by ample global supplies.
CBOT September soft red winter wheat WU25 hit a contract low of $5.00-3/4 a bushel and settled 3-3/4 cents lower at $5.03-1/2 a bushel. The contract reached the lowest level for a most-active contract Wv1 since August 2020.
K.C. September hard red winter wheat KWU25 last traded 1-1/2 cents lower at $5.05-1/4 a bushel.
Minneapolis September spring wheat MWEU25 last traded 3-3/4 cents lower at $5.73-1/4 a bushel.
Germany's 2025 wheat crop will likely jump 21.1% year-on-year to 22.42 million metric tons, with rain as harvesting started causing less damage than feared, the country's association of farm cooperatives, DRV, said on Thursday.
Net export sales of U.S. wheat totaled 722,846 metric tons in the week ended August 7, the USDA said on Thursday. The sales were near the high end of a range of trade estimates.
Related Articles
[Crypto IPO] Figure Skyrockets 44% on IPO Debut, All Eyes Now on Gemini as the Next Crypto Star
Figure’s strong first-day performance sets the stage for Gemini’s highly anticipated listing.
[Reuters Breakingviews] Inflation defences are no match for debt burden
By Edward ChancellorLONDON, Sept 11 (Reuters Breakingviews) - Countries across the Western world are over-indebted. In theory, they could grow their way out of the debt or rein in their fiscal deficits. But the richer countries have a miserable recent growth record. And as the fall of French Prime M
U.S. August CPI Preview: Persistent Rise in Inflation, What Impact on Rate Cuts? And on US Stocks?
TradingKey - On 11 September 2025, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI. As a result, headline CPI year-over-year may climb to 2.9%, up from 2.7%
Fed to Cut Rates: All Asset Prices Up!
TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.
Unlocking Gold’s Next Leg: $4,000 in Reach by 2025？
TradingKey - Gold has kicked off a fresh uptrend in early September, breaking out of months of compression and reclaiming key territory. The decisive move above $3,500 establishes a new support base and puts higher objectives back on the table for the weeks ahead
