Wheat futures are trading with Wednesday midday gains. Chicago SRW futures are up another 6 to 9 cents in the nearbys. KC HRW is trading 9 to 10 cents higher in the front months. MPLS spring wheat is 3 to 8 cents in the green at midday.Â
Crop Progress data from NASS showed 70% of the US spring wheat crop harvested, in line with the 5-year average. The winter wheat crop was 2% planted by Sunday, even with the normal pace.Â
Wheat exports during July totaled 1.959 MMT, according to Census data, which was well above June and 14.7% above the same July last year.Â
Taiwan purchased an estimated 101,700 MT of US wheat on Wednesday. Japan is tendering for 87,660 MT of wheat from the US and Canada on Thursday, with 63,730 MT US specific.
Sep 24 CBOT Wheat  is at $5.58 3/4, up 6 3/4 cents,
Dec 24 CBOT Wheat  is at $5.75, up 8 1/4 cents,
Sep 24 KCBT Wheat  is at $5.76 1/2, up 10 cents,
Dec 24 KCBT Wheat  is at $5.86, up 9 3/4 cents,
Sep 24 MGEX Wheat  is at $5.82, up 3 1/2 cents,
Dec 24 MGEX Wheat  is at $6.14 3/4, up 7 1/2 cents,
On the date of publication, Austin Schroeder 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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