Wheat is higher so far on Friday AM trade. The wheat complex found some renewed strength on Thursday. Chicago SRW futures were 4 ½ to 7 ¼ cents higher in the front months on the day. Open interest was up 2,130 contracts on Thursday. KC HRW futures saw 4 to 9 cent gains on the Thursday session. OI rose 2,090 contracts. MPLS spring wheat was up 4 ¼ to 5 cents in the green at the close. Weekly Export Sales from Thursday showed 397,245 MT in wheat bookings in the week of March 19. That was more than double t ...

In April 2022, I published a primer on Ukrainian agriculture stocks. At the time, half a dozen were listed on major European exchanges, including London, Warsaw, Paris, and Frankfurt.My conclusion was straightforward: "It's clear that these Ukrainian agricultural stocks represent tremendous value. Assume, for argument's sake, that all assets other than the land would be worth zero. You'd buy this land at about 10% the valuation of Polish farmland."Nearly four years on, it's time to revisit that thesis.Despi ...

Wheat is facing 1 to 5 cent losses in the front months early on Thursday. The wheat complex is showing strength on Wednesday. Chicago SRW futures were 6 ¼ to 7 ¾ cents higher at the close. Open interest showed some new buying, up 6,588 contracts on Wednesday. KC HRW futures posted 10 ¼ to 13 ¾ cent gains in the front months on the midweek session. MPLS spring wheat saw gains of 4 ¼ to 9 ½ cents on the day. The next week looks on the drier side for much of the Plains and HRW country, which is not benefici ...

The wheat complex is showing strength on Wednesday. Chicago SRW futures are 3 to 5 cents higher in the front months so far on the day. KC HRW futures are trading with 9 to 10 cent gains on Wednesday. MPLS spring wheat is up 8 to 9 cents at midday. The next week looks on the drier side for much of the Plains and HRW country, which is not beneficial to the crop with ratings already spilling. A few spots in SRW country are looking at a wetter pattern in parts of the Eastern Corn Belt. More News from Barcha ...

The Teucrium Corn Fund gained 5% in the last month, breaking above $18.30. ...

Wheat is trading with losses across the front months on Monday AM, despite higher overnight action. The wheat complex faced pressure across the three markets on Friday. Chicago SRW futures were 12 to 13 1/2 cents lower, as May fell 18 ½ cents. KC HRW futures were 21 to 21 1/2 cents in the red at the close, with May down 23 ¾ for the week. MPLS spring wheat was down 10 ¾ to 15 3/4 cents in the front months, as May slipped back 17 ½ cents from last Friday. Early on Monday morning, President Trump put out a ...

Accessible version Gulf energy shock hits logistics and fertilizers first Agriculture is closely linked to energy supply and demand dynamics as rising oil and natural gas prices quickly feed into higher production, logistics, and biofuel feedstock inputs, lifting food prices. Many ag commodities are up since the Iran war began but price increases have not been even. Urea is up 30-40% across regions amid risks to 65- 70% of global supplies, underscoring how today's fertilizer shortfall is more global in scal ...

Nitrogen is essential for plant growth. Middle East urea, a widely used nitrogen fertilizer, has climbed over 50% in value since the start of the year, according to Josh Linville, vice president of fertilizer at financial-services company StoneX.Yet fertilizer is the “deeper story,” as around one-third of globally traded fertilizer typically moves through the Strait of Hormuz, said Jake Hanley, chief growth officer and director of investments at Teucrium.The price of oil is catching a lot of attention from ...

The wheat complex faced pressure across the three markets on Friday. Chicago SRW futures were 12 to 13 1/2 cents lower, as May fell 18 ½ cents. KC HRW futures were 21 to 21 1/2 cents in the red at the close, with May down 23 ¾ for the week. MPLS spring wheat was down 10 ¾ to 15 3/4 cents in the front months, as May slipped back 17 ½ cents from last Friday. CFTC data from this afternoon showed a total of 9,643 contracts trimmed from the CBT wheat spec net short position as of Tuesday. A mix of new longs a ...

In the short term, the major risk to the food and drinks industry is oil and gas – prices have already spiked and are likely to remain volatile while the conflict lasts. Energy-intensive sectors such as bakery and baked goods, bread and biscuits for instance, along with chilled and frozen categories, are likely to be more exposed than others, as they were when the Russia-Ukraine crisis kicked off.If the war ends up being a protracted conflict, fertiliser stocks could be depleted, putting pressure on farmers ...