All three wheat markets closed with features on Tuesday. Chicago SRW noticed features of 6 to as a lot as 7 ¼ cents to shut out the session. KC contracts have been 6 to 7 ½ cents within the inexperienced on Turnaround Tuesday. MPLS spring wheat bought a restoration on the Tuesday session, with contracts up 3 to five ¼ cents on the shut.
NASS Crop Progress knowledge launched after the Monday shut confirmed 73% of the US winter wheat crop harvested by Sunday, 1 level forward of the common tempo. Spring wheat improvement was 1% behind regular at 87% headed. Situation scores for the northern crop have been down 2% to 52% gd/ex, because the Brugler500 index was down 7 for the week to 338.
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The Wheat High quality Council Tour begins at the moment and can generate some social media stories on spring wheat prospects.
The Russian ag ministry estimates the nation’s wheat crop at 88-90 MMT for this yr, nonetheless above some non-public estimates and the USDA. The French wheat crop is estimated to complete 33.4 MMT in accordance with Argus, a close to 30% improve from final yr.
Sep 25 CBOT Wheat closed at $5.49 1/2, up 7 1/4 cents,
Dec 25 CBOT Wheat closed at $5.69 1/2, up 6 1/4 cents,
Sep 25 KCBT Wheat closed at $5.33 1/4, up 7 1/2 cents,
Dec 25 KCBT Wheat closed at $5.55, up 6 3/4 cents,
Sep 25 MGEX Wheat closed at $5.92 3/4, up 5 1/4 cents,
Dec 25 MGEX Wheat closed at $6.12 3/4, up 3 1/4 cents,
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions.
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