Wheat is Mixed so far this Monday

Wheat futures are fractionally higher for Chicago, and fractionally lower in Kansas City wheat. MPLS is 2 to 3 cents higher at midday. USDA reported wheat exports for the week ending 10/03 at 385,259 MT, down 14.07% from this week a year ago. That brings the MY to date total to 8.906 MMT, which is 17% above last MY’s pace through that week. In the weekly CFTC report the spec funds were net short 32,780 contracts in the KC HRW contracts. MPLS wheat saw a 12,445 contract net short on Tuesday, down 7,084 contracts from the previous week. Russia’s IKAR added 0.4 MMT to the country’s wheat production number at 75.4 MMT. USDA (@ 72.5 MMT) will update their projection on Thursday.

DEC 19 CBOT Wheat is at $4.91, up 1/2 cent,

DEC 19 KCBT Wheat is at $4.03 1/2, down 1/2 cent,

DEC 19 MGEX Wheat is at $5.39, up 3 cents

---provided by Brugler Marketing & Management




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