U.S. wheat slides to six-week lows ahead of expected report of strong harvest

seekingalpha06-18

Chicago wheat futures fell sharply Monday, pressured by expectations that a Department of Agriculture report will show a rapidly advancing wheat harvest in the U.S., and with futures breaking through ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2444142783?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1287023243/image_1287023243.jpg","is_english":true,"pubTime":"2024-06-18 05:25","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2444142783","market":"hk","top_or_hot":-1,"title":"U.S. wheat slides to six-week lows ahead of expected report of strong harvest","media":"seekingalpha","content":"<div>\n<p>Chicago wheat futures fell sharply Monday, pressured by expectations that a Department of Agriculture report will show a rapidly advancing wheat harvest in the U.S., and with futures breaking through ...</p>\n\n<a href=\"https://seekingalpha.com/news/4116811-us-wheat-slides-to-six-week-lows-ahead-of-expected-report-of-strong-harvest\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. wheat slides to six-week lows ahead of expected report of strong harvest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. wheat slides to six-week lows ahead of expected report of strong harvest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-18 05:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4116811-us-wheat-slides-to-six-week-lows-ahead-of-expected-report-of-strong-harvest><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chicago wheat futures fell sharply Monday, pressured by expectations that a Department of Agriculture report will show a rapidly advancing wheat harvest in the U.S., and with futures breaking through ...</p>\n\n<a href=\"https://seekingalpha.com/news/4116811-us-wheat-slides-to-six-week-lows-ahead-of-expected-report-of-strong-harvest\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DBA","symbol_name":"农业指数ETF-PowerShares DB","start_time":0,"source_url":"https://seekingalpha.com/news/4116811-us-wheat-slides-to-six-week-lows-ahead-of-expected-report-of-strong-harvest","article_id":"2444142783","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1287023243/image_1287023243.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2444142783","pubTimestamp":1718659506,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Chicago wheat futures fell sharply Monday, pressured by expectations that a Department of Agriculture report will show a rapidly advancing wheat harvest in the U.S., and with futures breaking through ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DBA":"农业指数ETF-PowerShares DB","MOO":"农业指数ETF-Market Vectors","SOYB":"Teucrium Soybean Fund","CORN":"Teucrium Corn Fund"},"translate_title":"美国小麦在预期强劲收成报告前跌至六周低点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CORN":1,"DBA":1,"MOO":1,"SOYB":1},"content_text":"Chicago wheat futures fell sharply Monday, pressured by expectations that a Department of Agriculture report will show a rapidly advancing wheat harvest in the U.S., and with futures breaking through technical support and sparking further selling. Analysts told Reuters the market is expecting a positive report of U.S. wheat harvest progress from the USDA as well as a positive picture of U.S. corn. \"Seasonal conditions continue to improve in North America and Australia,\" Commonwealth Bank analyst Dennis Voznesenski told Reuters. \"Northern Hemisphere harvest has started, and when there's new supplies coming online, it typically suppresses prices.\" Rain in dry regions of Russia and Ukraine has offered some relief for wheat and corn, though benefits could be limited for wheat with harvesting looming, analysts also said. CBOT wheat (W_1:COM) for July delivery ended -3.5% to $5.91 1/2 per bushel, its lowest since May 1, leading a broad decline in the grains complex, as July soybeans (S_1:COM) settled -1.9% to $11.57 3/4 per bushel and July corn (C_1:COM) closed -1.4% to $6.12 3/4 per bushel. ETFs: (NYSEARCA:WEAT), (SOYB), (CORN), (DBA), (MOO) Seasonal lows may be forming as farmers brace for excessive rain or dryness, depending on the region, potentially damaging for crops, AgResources wrote in a report, according to Dow Jones. \"Trading lows should form early in the week,\" AgResource said, adding it expects flooding in the northwestern Midwest and lack of rain in the eastern Midwest.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2444142783"}