The wheat advanced is continuous to strain issues decrease on Tuesday, with losses throughout the three exchanges. CBT futures are down 9 to 10 cents at noon. Kansas Metropolis HRW contracts are 11 to 11 ¼ cents decrease within the entrance months. MPLS spring wheat is down 2 to three cents at noon.
June commerce information from Census confirmed a complete of 1.719 MMT of wheat shipped in the course of the month, which was a 4-year excessive however down 20.42% from final month.
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Crop Progress information from USDA reveals the US winter wheat 86% harvested, with 87% the traditional harvest tempo. The spring wheat crop was 95% headed, with harvest now at 5% and behind the 9% common. Situations have been listed at 48% gd/ex, down 1%, because the Brugler500 index was stead at 332. The one state to see enchancment was ND, up 4, with MN down 1, MT and WA slipping 2, SD falling 7 and ID down 11.
A South Korean importer bought 65,000 MT of wheat from the US in a personal deal in a single day. The European Fee estimates the 2025/26 smooth wheat exports since July 1 at 1.11 MMT as of 8/3, in comparison with the two.64 MMT in the identical interval final yr.
Sep 25 CBOT Wheat is at $5.07 1/2, down 9 1/4 cents,
Dec 25 CBOT Wheat is at $5.28, down 9 cents,
Sep 25 KCBT Wheat is at $5.05 3/4, down 11 1/4 cents,
Dec 25 KCBT Wheat is at $5.26 1/2, down 11 cents,
Sep 25 MGEX Wheat is at $5.70 3/4, down 2 1/4 cents,
Dec 25 MGEX Wheat is at $5.93 1/2, down 2 1/2 cents,
On the date of publication,
Austin Schroeder
didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All data and information on this article is solely for informational functions.
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