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Spring Wheat Dec '17 (MWZ17)

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Agricharts Market Commentary

1 hour ago
Wheat futures are currently steady to 6 1/2 cents higher at midday. Rains in the forecast for KS could keep combines out of the field sometime over the next week. The average trade estimate ahead of Thursday morning's USDA Export Sales report is for all wheat new crop sales at 250,000 to 500,000 MT. That would be within range of last week's total. Ukraine's Ag Ministry estimates 41 MMT of grains for export in the 17/18 MY (through the end of June), with 38.6 MMT shipped so far. That total includes 16.8 MMT wheat, down 2.6% from last year.Jul 18 CBOT Wheat is at $4.84 1/4, up 6 1/2 cents,Jul 18 KCBT Wheat is at $4.84 1/2, up 1 1/2 cents,Jul 18 MGEX Wheat is at $5.53 1/4, up 3 3/4 cents
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