Wheat futures quotes sit at $6

Wheat futures quotes sit at $6.22, buoyed by speculative capital inflow. Seasonal weather models hint at mild conditions, which could temper supply constraints later this quarter. Futures curve shows mild contango. Mike Steenhoek, executive director of the Soy Transportation Coalition in the United States, said a prominent U.S. exporter was unable to get bids from ocean vessel companies to ship soymeal because of the proposed fee on China-linked vessels. Connect with a member of our expert Agricultural team for more information about our products. With wheat futures quotes at $6.20, the market remains balanced between bullish export data and bearish currency effects. The open interest shift toward later expirations shows some hedging against potential harvest surpluses.