Wheat price commentary: US and European futures fall; global trade quiet

Fastmarkets06-01

By 1 pm US Eastern time, the Chicago soft red winter (SRW) July futures contract on the Chicago Board of Trade decreased by 13 cents per bushel (bu), moving down to $6.11 per bu and the September ...

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/2640957574?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-01 12:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2640957574","market":"us","top_or_hot":-1,"title":"Wheat price commentary: US and European futures fall; global trade quiet","media":"Fastmarkets","content":"<div>\n<p>By 1 pm US Eastern time, the Chicago soft red winter (SRW) July futures contract on the Chicago Board of Trade decreased by 13 cents per bushel (bu), moving down to $6.11 per bu and the September ...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/wheat-price-commentary-us-and-european-futures-fall-global-trade-quiet/\">Source Link</a>\n\n</div>\n","source":"fastmarkets_highlight","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>Wheat price commentary: US and European futures fall; global trade quiet</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\">\nWheat price commentary: US and European futures fall; global trade quiet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-01 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fastmarkets.com/insights/wheat-price-commentary-us-and-european-futures-fall-global-trade-quiet/><strong>Fastmarkets</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By 1 pm US Eastern time, the Chicago soft red winter (SRW) July futures contract on the Chicago Board of Trade decreased by 13 cents per bushel (bu), moving down to $6.11 per bu and the September ...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/wheat-price-commentary-us-and-european-futures-fall-global-trade-quiet/\">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":"WEAT","symbol_name":"Teucrium Wheat Fund","start_time":0,"source_url":"https://www.fastmarkets.com/insights/wheat-price-commentary-us-and-european-futures-fall-global-trade-quiet/","article_id":"2640957574","we_media_id":null,"thumbnails":[],"rights":{"source":"fastmarkets_highlight","url":"https://www.fastmarkets.com/insights/wheat-price-commentary-us-and-european-futures-fall-global-trade-quiet/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2640957574","pubTimestamp":1780286400,"columns":[],"sourceInfo":{"source_id":"fastmarkets_highlight","name":"Fastmarkets"},"weMediaInfo":null,"summary":"US wheat futures and Euronext contracts closed lower on Friday May 29, pressured by technical selling and weakness in crude oil markets. In global cash markets, activity was subdued heading into the weekend, with limited fresh business reported and most prices remaining unchanged.","collect":0,"end_time":0,"defaultTopTitle":"fastmarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"WEAT":"Teucrium Wheat Fund","EPV":"ProShares UltraShort MSCI Europe"},"translate_title":"小麦价格评论：美欧期货下跌；全球贸易平静","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WEAT":0.9,"EPV":1.5,"MZWmain":0.9},"content_text":"By 1 pm US Eastern time, the Chicago soft red winter (SRW) July futures contract on the Chicago Board of Trade decreased by 13 cents per bushel (bu), moving down to $6.11 per bu and the September contract moved down by 13.25 cents per bu to $6.23 per bu.\nThe Kansas hard red winter (HRW) July futures contract fell by 15.75 cents per bu to $6.49 per bu and the September contract moved down by 15.75 cents per bu to $6.61 per bu.\nThe Minneapolis hard red spring July futures contract decreased by 13.75 cents per bu to $6.63 per bu and the September contract was down by 13.75 cents per bu to $6.88 per bu.\nEuronext wheat futures were lower, with September 2026 down by €2.75 per tonne to €207.50 per tonne, while December 2026 was down by €2.75 per tonne to €216 per tonne.\nEuropean wheat markets continued to hold firm today, with sellers showing little willingness to soften offers despite outside market pressure. MATIF drifted into the red through the session, weighed down by weaker energy markets, but physical sellers remained largely unmoved in their stance.\nTrade flow was notably quiet, with many participants describing a market lacking urgency from either side. One trader remarked that conversations had shifted away from trade altogether and toward weekend plans, underlining just how subdued activity had become heading into the close.\nFor now, the market feels content to mark time, with limited fresh demand and little appetite among sellers to chase prices lower despite weakness in futures.\nFrench 11% protein wheat was assessed at a discount of €4 per tonne to the September contract for July loading.\nPolish 12.5% wheat cargo premiums were assessed at €6 per tonne over the September Euronext wheat contract for July loading.\nBaltic FOB 12.5% wheat cargo premiums were assessed at €6 per tonne over the September Euronext wheat contract for July loading.\nThe German 12.5% FOB wheat APM for July loading was assessed at €6.00 per tonne above the September Euronext contract, reflecting offers of €7.00 per tonne. No data was excluded.\nThe German 11.5% FOB wheat APM for July loading was assessed at €2.5 per tonne above the September Euronext contract due to a lack of fresh indications. No data was excluded.\nIn Australia, trade sources said prices could ease amid improved weather conditions, although much will depend on sellers’ willingness to sell, with some potentially prepared to discount while others may hold offers unchanged.\nAustralian premium white (APW) wheat was heard offered into Vietnam at $313 per tonne for July-August shipment.\nThis compares with Ukrainian 11.5% wheat, with offers starting at $286 per tonne CFR Vietnam, while indications for 11.5% wheat into Indonesia with two ports of discharge were reported at $290-292 per tonne, with buyers well below those levels, closer to $280 per tonne.\nMeanwhile, Russian 12.55 wheat was also shown offered into Vietnam at around $287-289 per tonne CFR for July loading, competing with Ukrainian 11.5% material.\nMeanwhile, on the ground in Russia, no changes were seen in FOB price levels, with selling indications for 12.5% wheat remaining at $249-252 per tonne FOB Novorossiysk-Taman-Tuapse (NTT) for June loading.\nDomestic prices, coming down\nAt the same time, domestic prices were said to be slowly coming down, with the indicative CPT Novorossiysk index published by the Moscow Exchange (MOEX) also down by 385 rubles per tonne week on week at 15,833 rubles per tonne. That still looked expensive given the exchange rate and the FOB equivalent, which was around $245-246 per tonne.\nConcurrently, the Russian ministry revised up its 2025/26 wheat export forecast by 5 million-6 million tonnes to 50 million tonnes. However, it remains unclear how that target could be achieved, given that Russian wheat exports had reached only around 41-42 million tonnes by May 22, leaving as much as 8 million tonnes to be shipped in June alone, a level widely viewed as unrealistic under current trade conditions.\nIn Ukraine, 11.5% wheat offers were reported at $238-$241 per tonne FOB Pivdennyi-Odesa-Chornomorsk (POC) for June loading, against bids at $234 per tonne FOB POC for the same month.\nAlso July-August loading selling ideas were seen at $238-$243 per tonne FOB POC.\nOn a delivered basis, selling ideas on a CFR Algeria basis for July loading were reported at $274 per tonne, with no demand seen against it.\nSome feed wheat offers for July loading were seen a $237-$238 per tonne FOB POC.\nIn the EU Black Sea region, offers on an FOB Constanta basis for 12.5% wheat were seen at $247.50-$250.00 per tonne for June loading, against bids at $242-$243 per tonne on the same basis.\nNew crop buying ideas for 12.5% wheat on a CVB basis were reported at €3-5 per tonne below the September Euronext wheat contract for August-September loading. Some October-loading offers were also seen at €3 per tonne above the September Euronext wheat contract.\nSelling ideas for 11.5% wheat on an FOB Constanta-Varna-Burgas (CVB) basis were reported at $245-$249 per tonne for June-July loading, against bids at $242-$243 per tonne FOB CVB.\nBids for 11.5% wheat on a CVB basis were reported at €4-6 per tonne below the September Euronext wheat contract for August-September loading, against offers for loading in July-August at €2 per tonne above the September Euronext wheat contract. \nArgentine wheat prices were steady on Friday May 29.\nFastmarkets’ assessment of the price of wheat 11.5% FOB Argentina in the Up River hub for June loading was unchanged at $246 per tonne day on day.\nFeed barley FOB Argentina for loading in June was assessed $1 per tonne lower at $239 per tonne.","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,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","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/2640957574","isCrawlerRequest":true}