Wheat in the Red at Midday

Wheat futures are down 1 to 10 3/4 cents in most contracts on Thursday, with CBT the weakest and MPLS the firmest. The weekly Export Sales report from FAS indicated all wheat export bookings during the week that ended on July 11 at 347,290 MT. That was on the higher end of estimates and 15.75% larger than the same week last year. Mexico was the top buyer of 166,500 MT, with South Korea at 80,000 MT. The US was left out of this week’s Japan MOA tender, with 51,821 MT split between Australia and Canada.

SEP 19 CBOT Wheat is at $4.95 1/4, down 10 1/4 cents,

SEP 19 KCBT Wheat is at $4.34 1/4, down 7 1/2 cents,

SEP 19 MGEX Wheat is at $5.26 1/2, down 1 1/4 cents

--provided by Brugler Marketing & Management

Market Commentary provided by:

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