Wheat: Net sales reductions of 45,100 metric tons (MT) for 2022/2023-a marketing-year low-were up 7 percent from the previous week, but down noticeably from the prior 4-week average.Futures in mid-May had traded in the lower $8-range in 20, the month’s highest prior to 2022.4 hours ago Most-active Chicago wheat futures hit a two-month high of $11.83 per bushel on Thursday. In response, the futures exchanges modified their contracts to better. Recent Convergence Performance of Futures and Cash Prices for Corn, Soybeans, and Wheat: From 2005 to 2011, wheat, corn, and soybean futures contracts were affected by growing discrepancies between expiring futures prices and cash prices-a problem known as non-convergence.Wheat futures are influenced by demand due to consumer trends, demand for protein from livestock and thus, wheat for feed, changes in government subsidy. Traders can also use wheat futures to speculate on the price of wheat, which can change based on a number of different factors, most notably fluctuations in crop output due to weather events. NONCOMMERCIAL OUTLOOK: Noncommercial traders were net-short 48,459 contracts in corn as of May 16, a decrease of 10,634. TREND: The trend in December corn is down. 400 South 4th Street 130 Grain Exchange Building Minneapolis, MN 55415 ph: 61 or toll free: 1-80 can also use wheat futures to speculate on the price of wheat, which can change based on a number of different factors, most notably fluctuations in crop output due to weather events.
Wheat futures price Friday May 19, 8:11 PM GMT.
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