CBOT wheat ends higher on global export optimism, short-covering
I'm PortAI, I can summarize articles.
Chicago Board of Trade wheat futures rose on January 16, driven by strong corn prices and fresh export demand. March soft red winter wheat settled at $5.18 per bushel, while hard red winter wheat and spring wheat also saw gains. Traders are awaiting results from a Saudi wheat tender for 595,000 tons, which is expected to support global prices. India has permitted the export of 500,000 metric tons of wheat flour, and snowfall in southern Russia has not harmed winter crops. U.S. markets will be closed on Monday for a federal holiday.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments