CBOT wheat heads up on Russia-Ukraine hostilities, USDA data
WEAT•Wheat futures edge higher on Black Sea tensions and USDA crop data
Chicago Board of Trade wheat futures edged up as Russia banned anchoring of vessels along key trade routes and U.S. Department of Agriculture data showed falling spring wheat quality.
- CBOT September soft red winter wheat WU26 settled up 4 cents at $6.78 per bushel.
- K.C. September hard red winter wheat KWU26 ended up 9-1/4 cents at $7.33 a bushel and Minneapolis September spring wheat MWEU26 rose 12 cents to finish at $7.04-1/4 a bushel.
- Russia attacked two Ukrainian Black Sea port cities on Friday, killing three people, officials said, while Ukraine pressed on with its own campaign to disrupt logistics for Moscow's military and isolate Russia-annexed Crimea.
- Russia banned the anchoring of vessels in areas that are unprotected by air defences in two ports along a key trading route for grains in the Azov Sea, a government decree showed on Tuesday.
- Tunisia's state grains agency is believed to have purchased about 100,000 metric tons of soft wheat to be sourced from optional origins in an international tender.
- In a weekly crop progress report, the U.S. Department of Agriculture reported U.S. spring wheat was in 53% good to excellent condition vs. 58% a week ago.
- The winter wheat harvest was 74% complete, up from 67% the previous week.
