The wheat advanced light decrease into the weekend, with all three markets within the pink. CBT futures have been 5 to 7 cents within the pink on the shut, with September falling again 21 ½ cents. Kansas Metropolis HRW contracts have been 6 to 7 ½ cents decrease on Friday, as September was down simply 7 ¾ cents this week to slender the unfold with their delicate pink counterpart. MPLS spring wheat noticed losses of 4 to six cents throughout the entrance months, with September down 12 ½ cents on the week.

The quarterly Flour Milling report from USDA confirmed April – June wheat floor for flour totaling 222.94 mbu of wheat. That was 3.7 mbu beneath the earlier quarter and three mbu shy of the identical quarter final yr. 

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Dedication of Merchants knowledge indicated a complete of 13,283 contracts added to the spec fund internet brief place in CBT wheat as of Tuesday, taking it to 65,324 contracts internet brief by Tuesday. In KC wheat, they added one other 3,321 contracts to their internet wanting 47,280 contracts on July 29.

Sovecon estimates the Russian wheat crop at 83.3 MMT, a slight discount from the earlier estimate of 83.6 MMT. In addition they trimmed their Ukraine wheat estimate by 2.8 MMT to 19.8 MMT. The French delicate wheat crop is estimated at 89% harvested in response to FranceAgriMer.

Sep 25 CBOT Wheat  closed at $5.16 3/4, down 6 1/2 cents,

Dec 25 CBOT Wheat  closed at $5.37, down 5 1/2 cents,

Sep 25 KCBT Wheat  closed at $5.18 3/4, down 7 1/2 cents,

Dec 25 KCBT Wheat  closed at $5.38 1/2, down 6 1/4 cents,

Sep 25 MGEX Wheat  closed at $5.72 1/4, down 5 1/2 cents,

Dec 25 MGEX Wheat  closed at $5.97 3/4, down 4 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 info and knowledge on this article is solely for informational functions.

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