Chicago wheat prices are down into the day session of the new week. KC and MPLS are holding last night’s gains for a mixed board for the complex. Wheat futures ended with +1% gains on Friday. KC HRW closed the strongest on Friday with 1.8% to 2% gains, leaving the Dec contract 10 1/4 cents in the red. CBT SRW closed between 1% and 1.3% higher across the front months. December was 34 cents weaker from Friday to Friday. Minneapolis wheat prices closed with 1.3% to 1.5% gains for the day, but December HRS was down 8 3/4 cents for the week.
Ukraine’s Ag Ministry reported 5.6 MMT of wheat was exported through 11/9. That is 57% behind last year’s pace. The Rosario Grains Exchange forecasted the Argentine wheat crop at 11.8 MMT – a drop from their prior 13.7 MMT forecast citing the drought.
Dec 22 CBOT Wheat closed at $8.13 3/4, up 10 1/4 cents, currently down 2 3/4 cents
Mar 23 CBOT Wheat closed at $8.35 1/4, up 9 1/2 cents, currently down 3 3/4 cents
Cash SRW Wheat was $7.46 ½ on Friday, up 10 1/4 cents,
Dec 22 KCBT Wheat closed at $9.43 1/2, up 18 1/4 cents, currently up 7 3/4 cents
Cash HRW Wheat was $9.02 7/8 on Friday, up 18 1/4 cents,
Dec 22 MGEX Wheat closed at $9.45 3/4, up 14 1/4 cents, currently up 9 3/4 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.
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