Wheat Marginally Lower on Wednesday

Wheat futures are trading fractionally to 3 cents lower in most contracts at Wednesday’s midday. All wheat export sales during the week that ended on July 11 are expected to be in the range of 200,000-400,000 MT. Egypt’s GASC purchased just 60,000 MT of Russian wheat in their tender on Wednesday, with no US offers present. US FOB prices are ~$20/ton above other major competitors, leaving them out of most major markets.

SEP 19 CBOT Wheat is at $5.07 1/4, down 1/4 cent,

SEP 19 KCBT Wheat is at $4.44, down 2 1/4 cents,

SEP 19 MGEX Wheat is at $5.30, down 1/4 cent

--provided by Brugler Marketing & Management

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