Wheat futures closed the Thursday session with losses, led by SRW. Chicago futures ended the day down by 10 to 16 cents. KC HRW closed with 8 1/2 to 10 1/2 cent losses. Spring wheats were the firmest of the domestic complex, and built back some of their premium to HRW.Â
South Korea booked 65k MT of Australian wheat via tender. Jordan purchased 60k MT of wheat via tender. Taiwan purchased 55,375 MT of U.S. wheat via tender for grade 1 milling wheat.Â
Census’s wheat exports were 1.516 MMT in July. That was down from 2.203 MMT US exports in July 2021 (-31.2%).Â
Ahead of the monthly S&D estimates from USDA, analysts expect to see a looser carryout on average compared to August. The average estimate going in is 8.1 mbu above the 610 from August, though estimates range from a 40 mbu increase to a 16 mbu decrease.Â
Sep 22 CBOT Wheat  closed at $8.10 1/2, down 16 cents,
Dec 22 CBOT Wheat  closed at $8.29, down 15 1/4 cents,
Cash SRW Wheat  was $7.62 7/8, down 14 cents,
Dec 22 KCBT Wheat  closed at $8.93, down 8 1/2 cents,
Cash HRW Wheat  was $8.49 1/2, down 8 3/8 cents,
Dec 22 MGEX Wheat  closed at $8.98 1/4, down 1 3/4 cents,
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