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According to the US Department of Agriculture, US weekly   wheat export sales, for the period Dec. 3-9 were at 650,600 metric tons (MT) .That was a marketing-year high– up noticeably from the previous week and from the prior 4-week average. Increases primarily for Mexico (170,000MT, including decreases of 1,000MT), Japan (162,500MT), Peru (105,000MT), SouthKorea (75,000MT), and the Philippines (72,100MT), were offset by reductions for unknown destinations (22,100MT). Exports of 274,400 MT were […]

US farm markets were pushed down, yesterday. Wheat prices were hammered as supply concerns were more easing. Also, there was a refocusing on stiff global competition. That triggered a broad sell-off that pushed some contracts nearly 4% lower. Particularly, March Chicago SRW futures tumbled 3.94% to settle at $7.56. March Kansas City HRW futures lost 3.23%

According to the European Commission, softwheat exports from the EU in the 2021/22 season that started in July continued to run last week.Indeed, as of Dec. 12, EU soft wheat exports had reached 13.11 million tonnes, up from 12.84 million tonnes of last week and above last season, when 12.06 million tonnes had been exported by the same week.As for durum wheat,