Wheats are off their lows for the day, but still showing some double digit losses. SRW is down 8 3/4 to 10 3/4 cents so far. KC wheat futures are down by 1 to 10 3/4 cents. Spring wheat futures are trading 7 1/2 to 9 cents in the red.Â
The weekly Exports Sales report had 26,263 MT of wheat bookings for the week that ended 5/4. That was below the range of estimates as a new MY low. Cancelations were limited, but as were net sales. USDA showed new crop bookings were 333,624 MT. That was above estimates and set the forward book at 1.626 MMT. Forward sales into the 22/23 season were 2.43 MMT at this time last year.Â
Jul 23 CBOT Wheat  is at $6.29 3/4, down 11 1/2 cents,
Sep 23 CBOT Wheat  is at $6.41 1/4, down 11 1/4 cents,
Cash SRW Wheat  is at $5.69 5/8, down 11 3/8 cents,
Jul 23 KCBT Wheat  is at $8.46 1/2, down 8 3/4 cents,
Cash HRW Wheat  is at $8.15 1/8, down 8 3/4 cents,
Jul 23 MGEX Wheat  is at $8.39 1/4, down 10 1/4 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. For more information please view the Barchart Disclosure Policy here.
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