Wheats were mostly higher overnight, but the winter wheats have given them back and are trading red. Minneapolis spring wheat futures are fractionally higher still for midday. CBT SRW futures are fractionally to 4 cents in the red for midday. KC wheat prices are down by 1 to 3 1/4 cents.
Monthly data from Census had wheat exports at 1.318 MMT for November. That was down 4.8% from October and 7.6% form Nov ’21. Total wheat exports were 11.371 MMT for the MY through November.
Argentina farmers sold 49% of their 22/23 wheat crop as of 1/4 - according to data from the Ag Ministry.
Mar 23 CBOT Wheat is at $7.41 3/4, down 3 3/4 cents,
May 23 CBOT Wheat is at $7.49 3/4, down 4 cents,
Cash SRW Wheat is at $6.82 5/8, down 4 5/8 cents,
Mar 23 KCBT Wheat is at $8.34 1/2, down 6 1/4 cents,
Cash HRW Wheat is at $7.99 3/8, down 6 1/2 cents,
Mar 23 MGEX Wheat is at $9.04 1/4, up 3/4 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.
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