Wheat futures are trying to get some footing at midday, with the three exchanges higher. MPLS spring wheat contracts are leading the way, with 8 to 10 cent gains. Kansas City HRW contracts are up 5 to 8 ½ cents so far. Chicago contracts are bringing up the rear, with steadt to 3 ½ cent higher action.
At the close, CBT SRW futures were 2.5% to 2.8% lower with 17 to 18 1/4 cent losses. KC HRW futures were down by 13 to 16 cents with 1.8% to 2% losses. Spring wheat quotes in Minneapolis settled 1.6% to 2.3% lower on 13 to 19 cent losses. That was a new low for the move for Sep HRS contracts, now working at the lowest prices since May.
Russia’s IKAR estimates wheat output there at 89.5 MMT, from 88 MMT previously – citing increased yield.
Sep 23 CBOT Wheat is at $6.01 3/4, up 3 1/4 cents,
Dec 23 CBOT Wheat is at $6.27 1/4, up 3 1/2 cents,
Cash SRW Wheat is at $5.34 1/1, up 3 1/4 cents,
Sep 23 KCBT Wheat is at $7.44 1/2, up 7 cents,
Cash HRW Wheat is at $6.82 1/8, up 7 cents,
Sep 23 MGEX Wheat is at $7.94 3/4, up 8 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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