Morning spike, afternoon slide for wheat

Home » Wheat, corn, soy down on pre-report positioning Source: Sosland Publishing Co. Recap for March 26 Technical trading took wheat futures lower Tuesday, two days before US Department of Agriculture reports will offer updates on supply, demand, stocks and planting intentions. Pressuring wheat was a stronger dollar, large Russian supplies and fading demand from…

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Culture Pop Soda raises $21 million

CAMBRIDGE, MASS.  —  Culture Pop Soda, a functional, probiotic soda brand, has raised $21 million in a Series B funding round led by Enlighten Hospitality with additional investments from former Starbucks chief executive officer, Howard Schultz. The four-year-old soda brand formulates its sodas from juice, spices and a live probiotic. “It’s a really clean ingredient…

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Myriad factors push wheat complex higher

Home » Myriad factors push wheat complex higher Source: Sosland Publishing Co. Recap for March 23 Wheat complex futures advanced to close the week in short-covering moves with support from rising EU wheat prices, ideas of lower Russian wheat acreage, French crop problems and Black Sea tension. Soybean futures fell from two-year highs on profit…

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A golden buying spree sends gold futures to record highs

Home » A golden buying spree sends gold futures to record highs Source: Sosland Publishing Co. Recap for March 22 US gold futures were sharply higher Thursday, hitting an all-time high as investors looked for opportunities to diversify after the Federal Reserve stated its commitment, recently, to cutting interest rates later this year. The April contract…

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Weather, short-covering push corn, wheat higher

Home » Weather, short-covering push corn, wheat higher Source: Sosland Publishing Co. Recap for March 19 Spring weather uncertainty and short position covering ahead of next week’s planting intentions report from the US Department of Agriculture helped strengthen wheat and corn futures Tuesday. Large South American supplies and lackluster Chinese demand for US soybeans sent…

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Real Good Foods ‘optimizing supply chain’

CHERRY HILL, NJ. —  The Real Good Food Co. has added two new members to its team and is closing its facility in City of Industry, Calif., as part of its plan to optimize its supply chain. The company said a large portion of the California facility’s production will transition to its gluten-free Bolingbrook, Ill.,…

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Black Sea port attacks help elevate wheat futures

Home » Black Sea port attacks help elevate wheat futures Source: Sosland Publishing Co. Recap for March 18 Wheat complex futures advanced Monday on concerns about exportable wheat supplies out of the Black Sea region in the wake of Russia president Putin’s re-election and Russia’s weekend attacks on Ukrainian ports. Progressing harvest and off-the-combine sales…

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China keeps canceling, weighing on wheat

Home » China keeps canceling, weighing on wheat Source: Sosland Publishing Co. Recap for March 14 Wheat futures declined Thursday under pressure from the latest China wheat cancellation, this time an Australian purchase. Additional pressure from a lackluster export sales report pushed wheat near the lowest levels since 2020 and dragged corn lower in spillover…

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Wheat futures advance despite third Chinese cancellation

Home » Wheat futures advance despite third Chinese cancellation Source: Sosland Publishing Co. Recap for March 11 A significant round of technical positioning and bargain buying helped push wheat futures higher Monday despite pressures from a third cancellation of US soft red winter wheat sales by China, bringing the total voided sum to 504,000 tonnes,…

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