Wheats are trading weaker through the midday part of Friday. CBT SRW is currently down 7 1/4 to 8 cents. KC HRW futures are giving back 4 1/2 to 5 1/4 cents through the front months. MGE HRS prices are 2 3/4 to 5 1/2 cents in the red.Â
Buenos Aries Grains Exchange left their wheat forecast for 22/23 wheat at 15.2 MMT.Â
Weekly Export Sales data showed 533k MT of wheat was booked during the week that ended 10/20. That was a MY high and was nearly double the same week last year. South Korea was the top buyer for the week with 109k MT, and unknown destinations also booking 91k MT. Accumulated wheat commitments reached 11.823 MMT – from 12.6 MMT last season.Â
Dec 22 CBOT Wheat  is at $8.32 1/4, down 6 1/4 cents,
Mar 23 CBOT Wheat  is at $8.51 1/4, down 6 3/4 cents,
Cash SRW Wheat  is at $7.66 5/8, down 6 1/4 cents,
Dec 22 KCBT Wheat  is at $9.29 1/4, down 3 cents,
Cash HRW Wheat  is at $8.87 1/2, down 3 cents,
Dec 22 MGEX Wheat  is at $9.46 1/2, down 4 cents,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
