Home Markets News Weather

Wheat

« Go Back

Wheat futures are mostly 6 to 8 cents lower this morning, with MPLS spring wheat down 3 cents. They posted sharp 18 to 20 cent gains in the winter wheat contracts on Tuesday, helped by strength in corn. MPLS was up just 2 to 4 cents. The addition to old crop US stocks on Tuesday was from a 10 mbu reduction in exports. New crop exports however, were increased by 25 mbu. The 18/19 average farm price was raised 10 cents on each side to $4.60-5.60. The increase to the old crop world stocks was mostly from the previous year’s carryover being adjusted. The USDA cut estimated Russian new crop production by 3.5 to 68.5 MMT, which trimmed exports by 2.5 to 39.5 MMT. Japan’s MOA is seeking 131,070 MT of wheat, with 79,630 MT sought from the US in the weekly tender. Egypt’s GASC purchased 420,000 MT of wheat in their tender on Tuesday, with 300,000 MT from Russia and 120,000 MT from Romania.

« Go Back

Real-time Login
     Get Real-time Data
Edit Preferences      Refresh:   On   Off