The wheat complex was changed by the afternoon benefits, as the contracts were less in most contracts to get out of the week round. CBT soft red wheat futures were partially up to 2 cents in red with 15 cents below December. KC HRW futures were 2 cents up in September, but most of other contracts below 1 to 2, as December was 14 ENTS SIT this week. MPLS Spring Wheat saw the loss of 4 to 5 percent a day, as Dec fell 14 cents since last Friday.
The USDA’s export sales report from Friday morning shown a total of 312,978 metric wheat, below estimates and second lowest marketing year sold in the week of August 28. During that week, the largest buyer of US wheat was 117,100 tonnes (most of which were switched to unknown destinations) was on 65,800 mounts in the Philippines with a purchase of 90,400 tonnes in Mexico. The US FOB prices were competitive on the world market, recently some major competitions have become close to French and Russian FOB prices.
Don’t remember one day: From crude oil to coffee, sign up free for the best-in-class commodity analysis of Barkart.
The commitment of traders’ commitment to the futures and options of Chicago wheat on Tuesday took it to 81,943 contracts, adding just 356 contracts to their pure short position. In Canasus City Wheat, he extended his net short status from 6,000 contracts to 54,681 contracts till 2 September.Ra,
25 September cbot wheat Closed at $ 5.01, below 1 1/4 cents,
25 December cbot wheat Closed at $ 5.19 1/4, 1/4 percent below,
25 September KCBT Wheat $ 4.81 closed at 3/4, up to 2 cents,
25 December KCBT Wheat Closed at $ 5.05 1/4, 1 percent below,
September 25 Magex Wheat Closed at $ 5.45 1/4, 4 1/4 cents below,
25 December Magex Wheat Closed at $ 5.66, 4 1/4 cents below,
On the date of publication, the Austin Shroder did not have the positions mentioned in any securities mentioned in this article (either direct or indirectly). All information and data in this article is only for informative purposes. For more information, please see the Barkart Disclosure Policy here.
More news than barkart
The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.
