Wheat futures closed out Monday with the exchanges combined. MPLS spring wheat was the chief to the draw back, with 5 to six cents losses. Chicago SRW futures have been down 1 to 2 cents throughout entrance months. KC HRW cleared the path greater, up 1 to 2 cents.
Crop Progress information indicated 96% of the US winter wheat harvest was accomplished by August 18. The spring wheat harvest was tallied at 31% full, behind the 36% common tempo. Situations of the crop remaining have been up 1% to 73% gd/ex, because the Brugler500 index was unchanged at 379.
This morning’s Export Inspections report from USDA’s FGIS indicated 347,519 MT (12.769 mbu) of wheat shipped within the week that concluded on August 15. That was a pointy 47.88% decline from final week however 11.63% above the identical week in 2023. Indonesia was the highest vacation spot for shipments at 133,328 MT, with Japan shopping for 85,985 MT. Accrued exports for the advertising and marketing 12 months have complete 4.584 MMT (168.4 mbu), which is 25.93% bigger than the identical 2 ½ month interval final 12 months.Â
Sep 24 CBOT Wheat  closed at $5.28 1/4, down 1 3/4 cents,
Dec 24 CBOT Wheat  closed at $5.52 1/4, down 1/4 cent,
Sep 24 KCBT Wheat  closed at $5.40 3/4, up 1 cent,
Dec 24 KCBT Wheat  closed at $5.56 1/2, up 1 1/2 cents,
Sep 24 MGEX Wheat  closed at $5.87 1/4, down 6 cents,
Dec 24 MGEX Wheat  closed at $6.03 1/2, down 5 1/2 cents,
On the date of publication, Alan Brugler didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions. For extra info please view the Barchart Disclosure Coverage right here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
