Midday wheat futures are trading with 18 1/2 to 24 cent gains so far in Chicago. The KC wheat market is 33 to 40 cents higher so far. The MPLS spring wheat market is up as much as 4.8% with 28 to 38 cent gains.Â
The Grain Corridor deal has 13 days left under its current status. Russian representatives are again suggesting a renewal is unlikely – after similar comments prior to the past renewals of the deal.Â
The weekly NASS Crop Progress report had winter wheat harvest 37% complete as of 7/2. That was a 13% point advancement through the week, but trails the average 46% pace. Texas’ harvest reached 86% completion, and KS was 46% finished. NASS rated the crop 40% good/ex, for a Brugler500 score of 305. That was down from 308 last week.Â
NASS reported spring wheat at 51% headed, compared to 31% last week and 46% during the same week last year. Conditions, worsened by 2 points to 335 on the Brugler500 Index – mostly via ND.Â
Jul 23 CBOT Wheat  is at $6.47, up 18 1/2 cents,
Sep 23 CBOT Wheat  is at $6.65 1/2, up 23 3/4 cents,
Cash SRW Wheat  is at $6.06 3/8, up 23 3/4 cents,
Sep 23 KCBT Wheat  is at $8.35, up 38 1/2 cents,
Cash HRW Wheat  is at $7.90 5/8, up 38 1/2 cents,
Sep 23 MGEX Wheat  is at $8.47, up 37 3/4 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.
