The Chicago wheat market is trading off the highs from the overnight strength, with 1 to 4 cent losses into midday. KC HRW is still up by 6 to 7 cents. Spring wheat futures are working mixed through midday within 2 cents of UNCH.Â
FAS data showed 334,207 MT of wheat was sold during the week that ended 12/15. Unknown destinations were the top buyer, with 66k MT for Japan. The export shipments for the week was 235k MT for a 10.24 MMT yearly total. FAS data had 14.444 MMT of commitments for the season. Of that, HRS commitments were 30.4% of the total, followed by 28% for HRW.Â
Â
Mar 23 CBOT Wheat  is at $7.64 1/2, down 3 1/4 cents,
May 23 CBOT Wheat  is at $7.72 1/2, down 2 3/4 cents,
Cash SRW Wheat  is at $7.05, down 3 1/4 cents,
Mar 23 KCBT Wheat  is at $8.70 3/4, up 6 3/4 cents,
Cash HRW Wheat  is at $8.34 1/4, up 6 3/4 cents,
Mar 23 MGEX Wheat  is at $9.28, up 1/4 cent,
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.
/AI%20(artificial%20intelligence)/Data%20Center%20by%20Caureem%20via%20Shutterstock%20(2).jpg)
/PayPal%20Holdings%20Inc%20HQ%20photo-by%20bennymarty%20via%20iStock.jpg)
/Micron%20Technology%20Inc_%20logo%20on%20building-by%20vzphotos%20vis%20iStock.jpg)
