Wheat Losses Continuing at Thursday’s Midday
Wheat futures traded lower across exchanges on Thursday. CBOT soft red wheat fell 3–4 ½ cents, with 8 September deliveries reported. KC HRW futures slipped 5 ¼ cents in December, while MPLS spring wheat eased up to 3 ¾ cents. July wheat exports reached 2.305 MMT, a 5-year high.
The wheat complex is down across all three exchanges on Thursday. CBT soft red wheat futures is showing 3 to 4 ½ cent losses. The CBOT showed another 8 deliveries issued for September wheat overnight. KC HRW futures are up 2 cents in thinly traded September but down 5 ¼ cents in the December contract. MPLS spring wheat is steady to 3 ¾ cents lower.
Monthly Census data showed a total of 2.305 MMT (84.69 mbu) of wheat exported during July, which was a 34.05% increase month/month and up 22.52% year/year, as well as a 5-year high.
Sep 25 CBOT Wheat is at $4.99 1/2, down 4 1/2 cents,
Dec 25 CBOT Wheat is at $5.18 1/4, down 3 3/4 cents,
Sep 25 KCBT Wheat is at $4.84 3/4, up 2 cents,
Dec 25 KCBT Wheat is at $5.05, down 5 1/4 cents,
Sep 25 MGEX Wheat is at $5.53 1/2, unch,
Dec 25 MGEX Wheat is at $5.69 1/4, down 3 3/4 cents.
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Source : Nasdaq.com
