Tidbits, Market Comment, The Black Sea & Wheat, India & Oil, Rigs 8/15/26
- Wright team
- 4 minutes ago
- 4 min read
Tidbits
Markets:
Corn closed the week strong, supported by aggressive buying in wheat. September corn gained 11¢, while December added 11¼¢. For the week, December corn gained 21¼ cents.
The lack of a cease-fire agreement between Russia and Ukraine sent wheat futures sharply higher, with SRW gaining more than 3% and HRW rising over 4%.
September soybeans gained 11¾¢ while November gained 10¼¢. Higher crude oil and continued new-crop soybean sales to China also added support.
China has now reportedly fulfilled around 17% of its 25 million mts commitment, with the total potentially higher if sales to unknown destinations are ultimately shipped to China.
Flash Sales: The USDA announced yesterday the sale of 136,000 mts of new crop soybeans to China.
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