S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketThe wheat complex posted strength at the Tuesday close. Chicago SRW futures were 6 to 7 1/2 cents higher on the day. KC HRW futures were 6 to 7 cents in the green on Tuesday. MPLS spring wheat were up 4 to 5 cents at the close. There were no deliveries issued against December CBT wheat overnight, with another 7 against December KC wheat.
Support was from threats from Russia to cut off Ukraine from the sea if their attacks on Russian linked vessels continue.
CFTC published their delayed Commitment of Traders data this afternoon from the week of 10/21. That showed CBT wheat specs trimming 2,918 contracts from their net short to 108,825 contracts. In KC wheat, they cut 433 contracts from their net short to 67,271 contracts.
EU exports of wheat have totaled 9.66 MMT from July 1 to November 30, a reduction of 0.48 MMT from last year according to European Commission data. Algeria has issued a tender for 50,000 MT of soft milling wheat with a Wednesday deadline. A South Korean importer purchased a total of 65,000 MT of wheat in a tender overnight.
Dec 25 CBOT Wheat closed at $5.37 3/4, up 7 1/2 cents,
Mar 26 CBOT Wheat closed at $5.41, up 6 cents,
Dec 25 KCBT Wheat closed at $5.23 1/2, up 6 1/2 cents,
Mar 26 KCBT Wheat closed at $5.33, up 6 1/4 cents,
Dec 25 MGEX Wheat closed at $5.93 3/4, up 12 3/4 cents,
Mar 26 MGEX Wheat closed at $5.81 3/4, up 4 3/4 cents,
