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MarketScreener Homepage  >  Futures  >  Chicago Board Of Trade - Floor  >  WHEAT FUTURES (W) - CBR (FLOOR)/C1       

WHEAT FUTURES (W) - CBR (FLOOR)/C1

End-of-day quote. End-of-day quote Chicago Board Of Trade - Floor - 10/23
632.75 USc   +1.61%
05:12pGRAIN HIGHLIGHTS : Top Stories of the Day
DJ
03:44pU.S. wheat, soy, corn futures rise on strong export prospects
RE
03:43pWheat Bounces Back on New Export Purchases
DJ
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GRAIN HIGHLIGHTS: Top Stories of the Day

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09/03/2020 | 04:21pm EDT

TOP STORIES:

 

Corn Slides Amid Concerns Over Demand

Corn for December delivery fell 1.4% to $3.53 and 3/4 a bushel on the Chicago Board of Trade on Thursday, as exports data came in within expectations. Wheat for December delivery fell 0.9% to $5.53 and 1/4 a bushel Soybeans for November delivery rose 0.4% to $9.66 a bushel.

Grain markets wobbled after the USDA's exports report for the week ended Aug. 27 came in toward the high end of expectations. The USDA reported sales of 2.4 million metric tons of corn for 2020-21, and 1.8 million metric tons of soy. The results represent a 64.6% increase on corn exports from the previous week, and an 8.4% drop for soybeans. Traders surveyed by WSJ had expected exports between 1.5 million and 2.7 million for corn and 1 million and 1.8 million for soy. Net exports of wheat were down 23%, but up 4% over the four-week average, to 585,400 metric tons, within the forecast range of 350,00 to 600,000.

 

Campbell Sees Demand Tempering in Coming Quarters -- 3rd Update

Campbell Soup Co. said demand for its soups and other foods is moderating after a monthslong surge fueled by consumers eating at home during the pandemic.

Campbell said Thursday that comparable sales for its latest quarter rose 12% from the year before -- lower than the 17% quarterly growth it posted in June.

 

China To Keep Buying US Soy -- Market Talk

08:39 ET - Soybeans extend gains ahead of today's session, in hopes of ongoing Chinese demand, even as Brazil pushes a record crop. "China has been actively securing US soybeans since late June and has booked around 20M metric tons," AgResource says, adding the Brazilians have produced 82M metric tons. The firm estimates that Chinese importers will procure up to 8M metric tons of additional US soybeans, meeting the USDA export forecast. Soybeans rise 0.5% pre-market. (paulo.trevisani@wsj.com; @ptrevisani)

 

STORIES OF INTEREST:

 

Instacart Forays Into Convenience Stores -- Market Talk

1400 GMT - Grocery delivery company Instacart Inc. continues to grow its footprint. The company says it is partnering with 7-Eleven Inc. to offer delivery. The deal represents Instacart's foray into convenience stores, beyond its core focus of grocery stores. Instacart will initially deliver from around 750 7-Eleven stores, but plans to expand the service to more than 7,000 7-Eleven locations in the U.S. Instacart has generated sales growth during the coronavirus pandemic, as more consumers order groceries online. (jaewon.kang@wsj.com; @_jaewonkang)

 

Mondelez Tightens Palm-Oil Supplier Rules

Mondelez International Inc. said it has tightened sourcing practices around palm oil, the ingredient used in various foods that has been linked for years to deforestation of tropical forests.

The maker of Oreo cookies, Triscuit crackers and other snacks on Thursday said its suppliers of palm oil must demonstrate they can trace materials back to palm farms and have in place satellite monitoring covering palm concessions that feed mills that produce oil for the company.

 

Egypt Buys 55,000 Tons of Russian Wheat -- Update

Egypt bought 55,000 metric tons of Russian wheat at an international tender on Thursday, according to traders.

The single cargo cost Egypt's state grain buyer, the General Authority for Supply Commodities, $225 per metric ton, with an additional $15.50 per ton for freight costs.

The purchase was significantly smaller than at previous tenders with analysts suggesting that GASC was reluctant to buy more with the prices offered sharply higher than in recent weeks.

 

THE MARKETS:

 

Hogs Rally, Cattle Falls on Demand Concerns -- Market Talk

15:09 ET - Livestock prices run in opposite directions, as traders consider the US hogs herd to be getting back to normal levels while cattle remain in oversupply. Lean hog futures close up 5.1%, at 59.25 cents a pound, a level not seen since May. The rally comes after the USDA reported a higher-than-expected 36% increase in weekly exports. Demand could also get a boost from the National Pork Month promotion to be held in October, according to Allendale's Rich Nelson. Cattle, in turn, falls 0.5% as feedlots remain more populated than usual. (paulo.trevisani@wsj.com; @ptrevisani)


Stocks mentioned in the article
ChangeLast1st jan.
CAMPBELL SOUP COMPANY 1.34% 48.55 Delayed Quote.-1.76%
CORN FUTURES (C) - CBR (FLOOR)/C1 0.72% 419.25 End-of-day quote.7.35%
CPO (CPO) - CMG (ELECTRONIC)/C1 0.00% 696 End-of-day quote.-0.36%
EURO / BRAZILIAN REAL (EUR/BRL) 0.81% 6.6639 Delayed Quote.47.61%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.47% 133.2 End-of-day quote.-7.91%
LBS (LBS) - CMG (ELECTRONIC)/C1 -3.35% 513.6 End-of-day quote.31.11%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.05% 103.375 End-of-day quote.-17.14%
LONDON BRENT OIL -1.65% 41.66 Delayed Quote.-36.82%
MONDELEZ INTERNATIONAL, INC. -0.37% 56.61 Delayed Quote.2.78%
SOYBEAN MEAL FUTURES (ZM) - CBE (ELECTRONIC)/C1 1.15% 386.8 End-of-day quote.27.51%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 1.61% 632.75 End-of-day quote.11.45%
WTI -2.04% 39.715 Delayed Quote.-35.02%
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All news about WHEAT FUTURES (W) - CBR (FLOOR)/C1
05:12pGRAIN HIGHLIGHTS : Top Stories of the Day
DJ
03:44pU.S. wheat, soy, corn futures rise on strong export prospects
RE
03:43pWheat Bounces Back on New Export Purchases
DJ
01:07pChina eyes more corn imports as shipments surge, set to become top buyer
RE
01:07pChina eyes more corn imports as shipments surge, set to become top buyer
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11:46aU.S. wheat futures rise, corn flat, soybeans fall
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10/22GRAIN HIGHLIGHTS : Top Stories of the Day
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10/22U.S. soy futures firm to highest since 2016, corn hits 14-1/2-month high
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