
Wheats are mostly red into the new week of trading, save for MPLS futures which still have some double digit gains. On Friday, SRW futures closed 13 to 18 cents weaker in the front months on Friday, resulting in a 31 3/4 cent weekly loss for December. KC futures ended friday with 7 3/4 to 8 1/2 cent losses. Dec KC dropped 16 1/2 cents from the session’s high. MPLS spring wheat prices went into the weekend fractionally to 10 1/2 cents in the red.
The weekly Export Sales report from FAS had 511,796 MT of wheat bookings during the week that ended 11/17. That was a 4-wk high and 3rd most for a week this season. Iraq was the top buyer for the week, with 150k MT previously announced. Wheat commitments sit at 13.3 MMT, compared to 14.24 MMT last year and the 21.1 MMT WASDE full year forecast.
Dec 22 CBOT Wheat closed at $7.75 1/2, down 18 cents, currently down 9 1/2 cents
Mar 23 CBOT Wheat closed at $7.97, down 16 1/2 cents, currently down 9 cents
Cash SRW Wheat was $7.05 7/8 on Friday, down 22 cents,
Dec 22 KCBT Wheat closed at $9.22, down 8 1/4 cents, currently down 1 3/4 cents
Cash HRW Wheat was $8.83 1/8 on Friday, down 9 cents,
Dec 22 MGEX Wheat closed at $9.57 1/4, down 1/2 cent, currently up 10 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.