Thursday Wheat Markets Red Overnight

Wheat futures are working lower into the Thursday session with 7 cent losses in SRW, 7-10 cent losses in HRW and 3-7 cent losses in HRS so far. The wheat/corn spread widened yesterday. At the close, CBT SRW futures were up 10 3/4 to 11 3/4 cents in the front months. KC HRW futures ended the day 12 1/2 to 15 3/4 cents higher. Spring wheats rallied 4 1/2 to 11 cents in the front months on Wednesday. 

USDA announced the regular weekly Export Sales data will be unavailable until Sep 15th, and will utilize the legacy reporting system until the new system is sufficient. 

France’s Agritel estimates ’22 wheat output at 33.63 MMT, a 1.3 MMT dip below their 5-yr average. Manitoba’s wheat harvest was reported as 3% finished, trialing the Canadian Province’s 39% average. 

Sep 22 CBOT Wheat  closed at $8.09, up 10 3/4 cents, currently down 3 cents

Dec 22 CBOT Wheat  closed at $8.31 1/2, up 11 1/4 cents, currently down 7 1/2 cents

Cash SRW Wheat  was $7.67 ½ on Wednesday, up 24 1/2 cents,

Sep 22 KCBT Wheat  closed at $9.24 1/4, up 15 1/2 cents, currently down 1 1/2 cents

Cash HRW Wheat  was $8.76 1/8 on Wednesday, up 13 cents,

Sep 22 MGEX Wheat  closed at $9.15 1/2, up 11 cents, currently down 5 1/4 cents