Wheat Mixed at Midday

Wheat futures are trading mixed for the winter wheat contracts, but are 5 cents higher in MPLS wheat so far on Friday. Census data released this morning showed August wheat exports at a 3-year high 2.57 MMT, which is 94.46 mbu. That is up 32.48% from July, and 23.05% higher from August 2018. SE Asia took 21% (553,701 MT), with 20% shipped to Mexico (519,202 MT) during August. Weekly export commitments for wheat are now 49% of USDA’s projected 19/20 MY total, vs. the normal 56% pace.

DEC 19 CBOT Wheat is at $4.89 1/4, up 1/2 cent,

DEC 19 KCBT Wheat is at $4.04, down 1 3/4 cents,

DEC 19 MGEX Wheat is at $5.34 1/2, up 5 cents

---provided by Brugler Marketing & Management

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