Main page   About us  |  Our news  |   Our services  |  Contacts
Main page guide Feedback RSS       In Russian



   IKAR in Mass Media
   Market prices
   Graphically speaking
   Market studies



   About us
   Our news
   Our services

IKAR in Mass and Industry Media

The Hueber Report: Is wheat showing us the way?, 23.09.18

The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.

The Hueber Report is a grain marketing advisory service and brokerage firm that places the highest importance on risk management and profitable farming.

There is nothing like a good rumor to get the hearts of the bulls pumping once again. While nothing more than rumors, thus far stories are circulating once again that Russia may cap off wheat exports sometime this year. It would seem this is the third of maybe fourth time this story has been resurrected which makes one almost think that where there is smoke, the could be an actual fire. Of course, after one of the previous incarnations, exporters seemed to take the news to heart and appeared to really push as much product into the export channel for fear of being cut off later, which in turn resulted in the recent breakdown in prices. I would not be surprised that a report from the Russian consultant firm IKAR, helped fan the flames just a bit. They did leave the Russian export estimate unchanged at 32.5 MMT but trimmed the overall crop estimate a little over 1 MMT to 69.6 MMT. From a technical perspective, the recent breakdown produced what appears to be a classic A, B, C correction lower, which in the process has pushed indicators back down to an oversold position. While not confirmed just yet, from my perspective this would appear to be a market that is positioning for a fall low.

News from Washington would indicate that Canada in now in the discussions concerning a new NAFTA agreement. By no means does this assure that a new three-way agreement is an absolute, but one has to believe that if Mexico and the U.S. are ready to move forward, our neighbors to the north will not want to be left behind. In an ideal scenario, we will have a new NAFTA agreement headed for congressional approval within the next week and then news that U.S./China discussions are moving forward with great promise to end the trade war. As I said though, that would be an ideal situation, not necessarily a realistic one.

All viewing: 164

Where The Margin Is
Annual Conference Agribusiness
media feedback

IKAR is a member of International research project Agri Benchmark from May 2010

Agri Benchmark

Putin Is Growing Organic Power One T-34 Tank-Tomato at a Time

Grain | Cereals | Sugar | Oilseeds | Feedstuffs & Ingredients | Meat | Dairy

IKAR. Institute for Agricultural Market Studies.

© 2002-2020  
IKAR. Institute for Agricultural Market Studies
24, Ryazansky str., off. 604, Moscow, Russia
Tel/Fax: +7 (495) 232-9007 | |  Feedback

Rambler's Top100 Рейтинг
Google translate: Google translate: Russian Google translate: German Google translate: French Google translate: Italian Google translate: Portuguese Google translate: Spanish Google translate: Turkish Google translate: Lithuanian Google translate: Chinese Google translate: Korea