Futures are working with midday weakness. The SRW futures are 1 1/2 to 4 cents in the red. KC wheat futures are currently 3 1/4 to 8 1/2 cents in the red. Midday spring wheat futures are trading with 1 to 4 cent losses so far.
Weekly wheat export shipments were 407,682 MT according to USDA’s weekly update. That was 144k MT above last week and was 132k MT more yr/yr. Mexico was the week’s top destination with 88k MT, followed by China and the Philippines each with over 60k MT. USDA marked 40% of the total as white wheat and 30% as HRS. The season’s total wheat export was reported as 19.143 MMT as of 5/18, trialing last year’s pace by 510k MT.
Jul 23 CBOT Wheat is at $6.05 1/4, up 1/4 cent,
Sep 23 CBOT Wheat is at $6.17 1/4, up 1/4 cent,
Cash SRW Wheat is at $5.44 3/8, up 1/4 cent,
Jul 23 KCBT Wheat is at $8.16, down 8 1/4 cents,
Cash HRW Wheat is at $7.85, down 8 1/4 cents,
Jul 23 MGEX Wheat is at $8.01 1/2, down 2 1/2 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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