Wheat is posting a little less business on Friday in all three exchanges. Chicago SRW Futures are showing losses of 2 to 3 cents, the front month march is slightly higher. The KC HRW futures are 3 to 4 cents below most of the front months. MPLS spring wheat is near 3 to 4 cents. There were 33 delivery notices against the march Casey futures overnight, 3 March for CBT wheat.
All wheat export commitments are a total of 20.484 MMT till February 27, which is 11% above the same period last year. This is 89% of the USDA wheat export projection and increases a 97% average speed for export sales.
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The USDA’s monthly wonder report will be released on Tuesday, in which there will be no major changes for traders for US ending stock launch. The average trade estimate is 797 MBU, which is an increase in 3 MBUs since last month.
Japan bought 94,282 Mount wheat from the US, Australia and Canada in its weekly tender with 35,882 US distinguished US specific. The rating of French soft wheat was extinguished in 73% GD/east, earlier an increase of 1%.
March 25 CBOT Wheat It is at $ 5.37, up to 6 1/4 cents,
25 May CBOT Wheat $ 5.51 1/2, below is 2 1/2 cents,
March 25 KCBT Wheat $ 5.46 is at 1/4, below 5 1/4 cents,
May 25 KCBT Wheat $ 5.62 1/2, below 3 1/4 cents,
March 25 Magex Wheat $ 5.79 1/4, 6 is up to 3/4 cents,
25 May Magex Wheat $ 5.90, 4 cents below,
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