CRM Agri Daily Market Wrap

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CRM Agri Daily Market Wrap

A quick, concise and relevant grain market update:

Wh(e)at goes up must come down

Cereals After hitting its highest since the end of October and posting an 8.3% rally in 5 sessions, CBOT wheat was in corrective mode today amid profit-taking and ideas that highly beneficial rains co…

January 31, 2018

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Weather, short covering helping wheat recovery!

Cereals CBOT wheat has rallied over 6% in the past 5 trading sessions as a combination of dry weather in the US wheat belt as well as resulting short covering have raised bids. Limited rains are expec…

January 29, 2018

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Drought continues to spread across the US

Cereals Grain markets in Europe remain under pressure from recent rallies in the Euro and Sterling and the continued demise of the USD. The Sterling traded above the $1.43 for the first time since the…

January 25, 2018

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Dollar weakness has a mixed impact

Cereals Dollar weakness led to a 2.6% rally in Mar-18 CBOT wheat – its biggest daily gain since July 2017. Corn was also on the rise, hitting a 7-week high. In the UK, a rally in the Sterling du…

January 24, 2018

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Drought continues to threaten Argentine crops

Cereals Global supplies continue to apply pressure to world wheat and corn prices although Argentine corn yields remain under threat from ongoing dry conditions. High levels of Black Sea wheat export…

January 23, 2018

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