The wheat market is buying and selling with Friday losses throughout the three markets. CBT mushy crimson wheat futures are buying and selling with noon losses of seven to 7 ¼ cents on Friday. KC HRW futures are 7 to eight cents decrease at noon. MPLS spring wheat futures are again down 5 to six cents as bulls fail to push increased following Thursday’s power.
The weekly USDA Export Gross sales report has export sale commitments now at 13.699 MMT, which is up 23% from final yr and the best since 2013/14. That’s 56% of the USDA export projection and forward of the 5-year common tempo at 54%.
Don’t Miss a Day: From crude oil to espresso, enroll free for Barchart’s best-in-class commodity evaluation.
USDA’s Grain Shares report can be launched on Tuesday, with analysts on the lookout for 2.054 bbu of wheat shares available on September 1 based on Bloomberg’s survey. The vary of estimates is 1.975 to 2.22 bbu.
Sovecon estimates the Russian wheat exports at 43.4 MMT, down 0.3 MMT from the earlier estimate.
Dec 25 CBOT Wheat is at $5.19 3/4, down 7 1/4 cents,
Mar 26 CBOT Wheat is at $5.38, down 7 cents,
Dec 25 KCBT Wheat is at $5.05, down 7 1/4 cents,
Mar 26 KCBT Wheat is at $5.25 3/4, down 7 1/2 cents,
Dec 25 MGEX Wheat is at $5.67 1/2, down 5 1/2 cents,
Mar 26 MGEX Wheat is at $5.87 1/4, down 5 3/4 cents,
On the date of publication,
Austin Schroeder
didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions.
For extra info please view the Barchart Disclosure Coverage
right here.
Extra information from Barchart
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.