Wheat Posting a Wednesday Morning Rebound
Wheat is trading with gains across the complex. The wheat complex was under pressure on Tuesday, with the three markets falling lower. Chicago SRW contracts were 11 to 14 cents in the red. Open interest rose 1,994 contracts. KC HRW futures were 9 1/2 to 11 1/4 cents lower across the board. MPLS spring wheat was down 5 1/2 to 10 3/4 cents across most contracts.
Weekly NASS Crop Progress data showed spring wheat conditions up 2% at 55% gd/ex, with the Brugler500 index up 6 points higher to 348. Ratings in MT and SD were up 27 points, with ND down 7 and MN slipping 1 point,
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Export data released by Census on Tuesday morning showed 1.473 MMT of exports in June, a 3 year low and 8.49% below the May total.
Sep 26 CBOT Wheat closed at $6.38 1/2, down 12 1/2 cents, currently up 5 1/2 cents
Dec 26 CBOT Wheat closed at $6.57 1/4, down 12 cents, currently up 5 1/4 cents
Sep 26 KCBT Wheat closed at $7.07, down 10 1/4 cents, currently up 5 1/2 cents
Dec 26 KCBT Wheat closed at $7.24 1/2, down 9 1/2 cents, currently up 5 1/4 cents
Sep 26 MIAX Wheat closed at $6.85 1/2, down 10 1/2 cents, currently up 1 1/2 cents
Dec 26 MIAX Wheat closed at $7.09 1/4, down 10 3/4 cents, currently up 1 3/4 cents
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