Front month wheat futures are down 47 to 61 cents in Chicago. KC wheat prices are down 42 3/4 to 49 1/2 cents for midday. MGE wheat prices are down 32 1/4 to 39 1/2 cents so far.
Ukraine’s Ag Ministry reported that 13.4 MMT of grain shipments for the season through 11/2. That was down 32% from last year, and included 5.1 MMT of wheat which was down 60% from last year. IKAR estimated the Russian 22/23 wheat crop at 101 MMT with 50 MMT of exportable supply.
Buenos Aries Grains Exchange left their Argentine wheat forecast for 22/23 wheat at 15.2 MMT. Argentina is set to permit delayed wheat exports on contract citing the drought concerns.
Dec 22 CBOT Wheat is at $8.41 3/4, down 60 3/4 cents,
Mar 23 CBOT Wheat is at $8.60 3/4, down 58 1/4 cents,
Cash SRW Wheat is at $7.73 3/8, down 59 5/8 cents,
Dec 22 KCBT Wheat is at $9.40 1/2, down 49 1/2 cents,
Cash HRW Wheat is at $8.98 1/4, down 49 5/8 cents,
Dec 22 MGEX Wheat is at $9.50 1/4, down 39 1/2 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.
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