Wheat futures are posting mixed trade so far on Wednesday AM. They saw Turnaround Tuesday gains on the Tuesday session. Chicago SRW futures were up 10 to 11 cents in the front months. KC HRW saw nearby gains of 9 to 14 cents at the close. MPLS spring wheat was up 4 to 7 cents as the final bell range on Tuesday.
The weekly Crop Progress report showed spring wheat condition ratings down 4% to 69% in the good or excellent categories. The Brugler500 index was down 10 points on the week at 369. Minnesota was down 21 points, with Montana slipping 17 points and North Dakota down 2 points.
EU soft wheat exports have totaled 3.93 MMT since July 1 and through August 23, down nearly 1.1 MMT from the same period last year. Wheat production out of Canada will be updated on Wednesday morning, with estimates at 34.1 MMT, which would be well above last year if realized.
Sep 24 CBOT Wheat closed at $5.08 1/4, up 10 1/4 cents, currently unch
Dec 24 CBOT Wheat closed at $5.35 1/2, up 10 1/2 cents, currently up 1/2 cents
Sep 24 KCBT Wheat closed at $5.38 3/4, up 13 3/4 cents, currently down 3 1/2 cents
Dec 24 KCBT Wheat closed at $5.46 3/4, up 9 1/2 cents, currently down 4 cents
Sep 24 MGEX Wheat closed at $5.46 1/4, up 4 3/4 cents, currently down 2 3/4 cents
Dec 24 MGEX Wheat closed at $5.74 1/4, up 6 1/4 cents, currently down 2 1/4 cents
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