U.S. wheat futures rise on cuts to supply outlooks in Russia, France

seekingalpha08-10

U.S. wheat futures rose Friday following indications that Europe's harvest likely will be smaller. Russian research firm SovEcon said it has reversed course on its outlook for the size of the country'...

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/2458540123?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1287023243/image_1287023243.jpg","is_english":true,"pubTime":"2024-08-10 06:15","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2458540123","market":"sg","top_or_hot":-1,"title":"U.S. wheat futures rise on cuts to supply outlooks in Russia, France","media":"seekingalpha","content":"<div>\n<p>U.S. wheat futures rose Friday following indications that Europe's harvest likely will be smaller. Russian research firm SovEcon said it has reversed course on its outlook for the size of the country'...</p>\n\n<a href=\"https://seekingalpha.com/news/4138380-us-wheat-futures-rise-on-cuts-to-supply-outlooks-in-russia-france\">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 futures rise on cuts to supply outlooks in Russia, France</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 futures rise on cuts to supply outlooks in Russia, France\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-10 06:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4138380-us-wheat-futures-rise-on-cuts-to-supply-outlooks-in-russia-france><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. wheat futures rose Friday following indications that Europe's harvest likely will be smaller. Russian research firm SovEcon said it has reversed course on its outlook for the size of the country'...</p>\n\n<a href=\"https://seekingalpha.com/news/4138380-us-wheat-futures-rise-on-cuts-to-supply-outlooks-in-russia-france\">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/4138380-us-wheat-futures-rise-on-cuts-to-supply-outlooks-in-russia-france","article_id":"2458540123","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=2458540123","pubTimestamp":1723241710,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"U.S. wheat futures rose Friday following indications that Europe's harvest likely will be smaller. Russian research firm SovEcon said it has reversed course on its outlook for the size of the country'","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"},"translate_title":"美国小麦期货因俄罗斯和法国供应前景下调而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBA":1,"MOO":1},"content_text":"U.S. wheat futures rose Friday following indications that Europe's harvest likely will be smaller. Russian research firm SovEcon said it has reversed course on its outlook for the size of the country's wheat crop, now seeing the harvest falling to 82.9M metric tons from previous guidance of 84.7M tons. \"This adjustment reflects a smaller area figure recently reported by Russia's statistical agency, Rosstat - 28.5M hectares compared to SovEcon's earlier estimate of 29.2M hectares - as well as lower yield projections,\" SovEcon said. Also, Strategie Grains cut its forecast for the 2024-25 European Union soft-wheat crop by 5% due to smaller production in France and Germany, and France's agriculture ministry said the country's soft wheat output likely will come in 25% lower than the five-year average. The latest reports offer \"more evidence that perhaps the world cash wheat market may be carving out a broad bottom currently,\" StoneX analyst Arlan Suderman said, according to Dow Jones. Egypt is looking to purchase as much as 3.8M tons of wheat in an unusually big tender on Monday, while Algeria also announced a tender earlier this week; the tenders \"underlined the willingness of many importers to purchase at current levels,\" CRM analysts wrote, as reported by Bloomberg. CBOT front-month wheat (W_1:COM) for September delivery settled +0.8% to $5.42 1/4 per bushel, while December corn (C_1:COM) ended -0.4% to $3.95 1/2 per bushel, and soybeans (S_1:COM) for November delivery closed -0.7% to $10.02 per bushel. ETFs: (NYSEARCA:WEAT), (NYSEARCA:CORN) (NYSEARCA:SOYB), (DBA), (MOO) Traders also are positioning for any potential surprises ahead of the U.S. Department of Agriculture's monthly WASDE crop report due Monday; analysts expect the USDA will raise its U.S. wheat production outlook for the 2024 crop by 0.4% to 2.02B bushels, according to a Bloomberg survey.","kind":null,"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":"4.29.1","shortVersion":"4.29.1","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/2458540123"}