A post by @FirstSquawk on X.
WHEAT ENDING STOCKS CAME IN AT 743 MLN, ROUGHLY IN LINE WITH THE FORECAST, WITH COTTON ENDING STOCKS AT 3.7 MLN
@FirstSquawk on X
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Wheat ending stocks came in at 743 million, roughly in line with forecasts, while cotton ending stocks stood at 3.7 million, according to a First Squawk post. The wheat figure matching expectations suggests no major supply shock was priced into grain markets. The cotton number provides the latest read on tightness in the fiber balance sheet. Traders will watch for follow-through in wheat and cotton futures and any revision to the underlying supply-demand estimates.
Muhabbit's AI wrote this summary of @FirstSquawk's post in its own words. It can get details wrong, so read the post on X.
Named in this story
wheat, cotton, First Squawk