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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to the Daily Wheat Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on wheat prices, market moves, and what it all means for you.
Right now, the Chicago Board of Trade March wheat futures are closing strong at five dollars and fifteen cents per bushel, up eight cents from yesterday. Thats according to the latest from CK News Today and GX94 Radio reports. Minneapolis spring wheat is at five dollars seventy-three per bushel, up ten cents, while Kansas City hard red winter wheat sits at five dollars twenty-five per bushel, up six cents. Over in Canada, Bunge Moose Jaw Terminal has one red spring wheat opening at two hundred fifty-seven dollars and forty cents per tonne, up two dollars and seventy-four cents, and feed wheat at one hundred sixty-nine dollars and fifty-eight cents.
What is driving this uptick? Bitter cold is sweeping the US Plains, with temperatures way below normal for the next ten days, raising winterkill worries for winter wheat crops, as noted by Morningstar and GrainsPrices. Snow might help protect some fields, but exposed areas are at risk. Plus, USDA confirmed some export sales, and traders are eyeing Fridays delayed export report. Globally, Russias crop estimate holds steady at eighty-three point eight million metric tons, per Nasdaq, keeping ample supply in check but not crushing prices.
For you farmers and buyers, heres your takeaway: watch that cold snap closely, as it could add a risk premium to prices short-term. If youre locking in sales, consider hedging now while momentum is positive, but stay alert to global supply from Russia and South America.
Thats your wheat update, folks. Thanks for tuning in, best friend style. Subscribe, share, and catch you next time on Daily Wheat Price Tracker!
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