Wheat Futures PricesFri, Aug 26th, 2016
Open Interest is for the previous day's trading session.
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Wheat futures are slipping lower again today with the CHI and KC contracts showing double digit losses, and MGE a few cents lower. Weekly USDA export inspections were 511,965 MT, down about 4.6% week/week, and 18.3% lower than the same week a year ago. The US Dollar Index is up more than 100 points for the Monday session, following a nearly 800 point surge on Friday. Wheat planting in Cordoba province of Argentina wrapped up last week, according to La Nacion, delayed by almost a month by wet weather. Producers were compensating for the wet and late conditions with additional anti-fungal treatments and more widespread insecticide use.
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