KC futures led the way lower on Tuesday with 2% losses across the front months. SRW closed 5 to 7 cents weaker on the day. Spring wheat prices fell by 4 to 6 ½ cents on the day.
Front month Oats Futures Prices were 3.7% to 4.4% lower on the day.
Crop Progress data showed that winter wheat planting advanced 6% to 90% finished. The average pace would be 89% finished. Emergence advanced 11% points to 75% emerged nationally. Conditions were 5 points higher than last week on the Brugler500 Index to 335.
The monthly Census data showed 1.851 MMT of wheat was shipped during September. That was a 27% increase for the month, but down by 1.2 MMT from Sep ’22.
Wheat export shipments were reported at 71,608 MT for the week that ended 11/02. The season’s total was reported at 7.194 MMT compared to 9.83 MMT last season.
Dec 23 CBOT Wheat closed at $5.70 1/4, down 5 1/2 cents,
Mar 24 CBOT Wheat closed at $5.96, down 6 1/2 cents,
Cash SRW Wheat was $4.89 1/2, down 5 1/4 cents,
Dec 23 KCBT Wheat closed at $6.32 1/2, down 13 1/4 cents,
Cash HRW Wheat was $5.64 1/1, down 12 7/8 cents,
Dec 23 MGEX Wheat closed at $7.24 1/4, down 4 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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