Wheat finds two-week high on strong global demand



* Corn, soybeans little changed

* Wider markets encourage consolidation

* Grain traders weigh U.S. harvest, export demand

By Christopher Walljasper

CHICAGO, Sept 24 (Reuters) - Chicago wheat futures firmed on Friday, ending near a two-week high as the market assessed mixed global production prospects Wvand brisk import demand.

Corn eased as supply pressure from the ongoing U.S. harvest countered background support from tight supplies, while soybeans inched higher after trading both sides of even.

The most-active wheat contract on the Chicago Board Of Trade (CBOT) Wv1 added 6 cents to $7.23-3/4 a bushel, after earlier reaching $7.25-3/4, its highest since Sept. 7.

For the week, wheat added 2.12%.

CBOT soybeans Sv1 ended 3/4 cent higher at $12.85 a bushel, adding just 1 cent for the week, while corn Cv1 eased 2-1/2 cents lower at $5.26-3/4 a bushel, ending the week down 1/2 cent.

A run of tenders by importers, harvest setbacks in the northern hemisphere and rumours about further Russian export restrictions all supported wheat futures this week, according to traders.

Prospects for a large wheat harvest in Australia have tempered global supply concerns, with China making big advance purchases of the crop.

"World buyers are stepping up to the plate at these prices," said Don Roose, president of U.S. Commodities. "Demand is underneath the market."

Corn and soybeans bounced off of recent lows near their 200-day moving averages, as U.S. harvest pressure is eased by producers storing recently harvested crops, hoping for stronger prices.

"I don’t think the farmer’s going to be that aggressive to sell," said Joe Davis, director of commodity sales at Futures International. "I think the farmer is fine to wait for his or her price to come to them."

Traders are focused on crop size and quality as the U.S. corn and soybean harvests are expected to ramp up across the U.S. Midwest.

"This is one of our big harvesting weekends," said Roose. "That’s kind of an anchor on the market."
Reporting by Christopher Walljasper; Additional reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore; Editing by Chizu Nomiyama

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示: 您的資金存在風險。杠杆商品可能不適合所有客戶。 請詳細閱讀我們的風險聲明