Wheat Report, 12/14/2016

Wednesday, December 14, 2016


Winter wheat contracts closed ¼ to ½ cent higher, on 6-8 cent ranges on Tuesday, as directionless trade has been the best description this week. The HRW crop is seeing cold, dry conditions across CO, KS and NE, while the northern SRW crop is enjoying a blanket of moisture, as this first major cold blast moves through the Plains and Midwest. Export activity is really the only place to lay focus right now, as interior markets back down ahead of the holidays. Domestic buyers seem to have needs covered, with any remaining applications to finish out the month. We will see values dip as much as they have to, in order to stop movement, although, the spot market has been dead this week already. With flat price remaining low, U.S. wheat should remain competitive, so we’ll watch for other demand the flows our way. Look for wheat to remain below unchanged most of the session, but with the funds this short in Chicago, we may see a little more buying late in the day.


Unless otherwise noted, the posts on this blog should be construed as market commentary, merely observing economic, political and/or market conditions, and not intended to refer to any particular trading strategy, promotional element or quality of service provided by INTL FCStone Inc. or its subsidiaries. INTL FCStone Inc. is not responsible for any trading decisions taken by persons viewing this material. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. These materials represent the opinions and viewpoints of the author, and do not necessarily reflect the viewpoints and trading strategies employed by INTL FCStone Inc. or its subsidiaries. Reproduction without authorization is prohibited. All rights reserved.

Market Intelligence Free Trial

Meet the Team

Kansas City, MO
1251 NW Briarcliff Parkway
Suite 800
Kansas City, MO 64116
Tel:+1 (816) 410-5079

;