Wheat contracts are starting out on a higher note this morning, with the tree markets up 4 to 6 cents. Futures closed out the day on a mixed note, as contracts were pressured in the hard red contracts. Chicago SRW futures were up 4 to 6 cents in the nearbys at Wednesday’s close. KC HRW was down 1 to 2 cents on the day. MPLS spring wheat settled with contracts down 1 to 3 cents.
All wheat export sales are expected to have totaled between 200,000 and 500,000 MT in the week that concluded on August 8 ahead of this morning’s Export Sales report.
Sep 24 CBOT Wheat closed at $5.34 3/4, up 6 cents, currently up 5 3/4 cents
Dec 24 CBOT Wheat closed at $5.56 1/4, up 4 1/2 cents, currently up 5 1/4 cents
Sep 24 KCBT Wheat closed at $5.46 1/4, down 1 1/2 cents, currently up 5 1/4 cents
Dec 24 KCBT Wheat closed at $5.61 1/4, down 1 1/4 cents, currently up 5 3/4 cents
Sep 24 MGEX Wheat closed at $5.92, down 1 cent, currently up 4 1/2 cents
Dec 24 MGEX Wheat closed at $6.08 3/4, down 2 3/4 cents, currently up 5 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 Disclosure Policy here.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
