beautiful landscape of sunset over corn field
The wheat complex is mostly lower Tuesday’s midday. Chicago is 7 ¾ to 9 ¼ cents lower, with KC down 2 to 4 cents and MPLS spring wheat down 1 to 3 cents.
Private Firm SovEcon raised their export forecast for Russia’s 22/23 wheat, up by 300k MT to 43.7 MMT citing a rapid sales pace.
Pre-report estimates show the trade expects USDA trim wheat world stocks by 0.6 MMT to 266.9 MMT.
Dec 22 CBOT Wheat is at $8.37 1/2, down 8 1/4 cents,
Mar 23 CBOT Wheat is at $8.56 1/4, down 7 3/4 cents,
Cash SRW Wheat is at $7.70 7/8, down 8 1/8 cents,
Dec 22 KCBT Wheat is at $9.54 1/2, down 2 3/4 cents,
Cash HRW Wheat is at $9.13 1/2, down 2 3/4 cents,
Dec 22 MGEX Wheat is at $9.57 1/4, down 3 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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