The wheat advanced is buying and selling with blended motion on Thursday. Chicago SRW wheat is exhibiting slight losses of 1 to 2 cents at noon. KC HRW contracts are blended, with September down 1 ¼ cents. There have been 32 deliveries in opposition to KC wheat. MPLS spring wheat is exhibiting positive aspects of two to three cents. The markets can be closed on Friday for Independence Day, with the open set for Sunday evening.
USDA launched their weekly Export Gross sales report this morning, with 2025/26 wheat gross sales totaling 585,989 MT within the week ending on June 26. That was on the excessive aspect of a Reuters survey of merchants in search of between 200,000 and 600,000 MT. That was a MY excessive and greater than double the earlier week. The Philippines was the most important purchaser of 162,000 MT, with 60,000 MT offered to Thailand.
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Census information was launched this morning, exhibiting 2.16 MMT (79.4 mbu) of wheat exported in Might. That was a 4-year excessive. The complete yr wheat export determine was 810 mbu, or 829 mbu together with the merchandise vs. USDA’s estimate of 820 in June.
Jul 25 CBOT Wheat closed at $5.56 1/2, up 1/2 cent,
Sep 25 CBOT Wheat closed at $5.62 1/4, down 1 3/4 cents,
Jul 25 KCBT Wheat closed at $5.23, up 1/4 cent,
Sep 25 KCBT Wheat closed at $5.41, down 1 1/4 cents,
Jul 25 MGEX Wheat closed at $6.31 3/4, unch
Sep 25 MGEX Wheat closed at $6.51 1/2, up 2 1/2 cents,
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and information on this article is solely for informational functions.
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