Wheat Midd Demand Supports Price

Wheat Midd Demand Supports Price

 

Pricing for Wheat Midds Expected to Move Lower

There were reduced run-times at the mills over the Holiday weekend.  Supply remains good but producers and Brokers are hesitant to let prices slide too rapidly until they see that run-times remain solid following the Holiday.  Demand has been strong, and the market appears to be well positioned to see lower prices in the near term.

Minneapolis wheat mid prices are about $170 per ton FOB this week according to sources. This is $20 per ton above values seen at this time last year, and $85 per ton over the prior three-year average.  Historically, prices tend to move lower 60 percent of the time during April and this coincides with forward pricing we are seeing.  For Minneapolis area pricing is projected to…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Request a Free 7-Day Trial


    Please enter the level or reporting you're most interest in.

    Please select the area in which you are most interested in our reporting.
    Please select all areas of secondary interest to you.

*all fields required

More from the author

04.13.2021

Early Crop Planting Progress Ahead of Schedule

04.08.2021

China’s Export Appetite Slowed Last Week

03.30.2021

DDGS Average Price Falls in March

Blog

04.20.2021

Fats, Oils, & Fuels Webinar 4/20/21: Customer Q&A

Fats, Oils, & Fuels Webinar 4/20/21: Customer Q&A

Video shorts from the Fats, Oils, & Fuels Webinar Report Our team of Senior Analysts break down questions from the live Webinar audience during the call on Tuesday, April...

04.14.2021

Inflation Fears and Technical Buying Drive Soy Oil Higher

Inflation Fears and Technical Buying Drive Soy Oil Higher

Inflation Fears and Technical Buying Drive Soy Oil Higher

Agricultural and energy prices surged higher on Wednesday, driving soybean oil prices sharply higher. Most palm oil...

04.14.2021

Apparel & Leather Goods Supply Chain Complications Persist

Apparel & Leather Goods Supply Chain Complications Persist

Steer prices dropped $1.50-$3 on some selections today. Bids from Chinese buyers are very limited and a few dollars lower than last week’s trading levels. Bids from Korea continue...

Latest Tweets

We are excited to announce that we have acquired @thejake1865, expanding and strengthening our agriculture business and bringing new insights and capabilities to our customers. ... Learn more: http://spr.ly/6019HddQb

#FastmarketsAgriculture #agriculture #acquisition

Join us at our first virtual Hemp Conference looking at Hemp Fiber, Flower and CBD - https://thejacobsen.com/events/hemp-conference #hemp #cbd #cbg #industrialhemp

Load More...