Wheat Falling into the Weekend

The wheat complex is falling lower on Friday across all three exchanges. Chicago SRW futures are down 17to 19 cents so far on the day. KC HRW contracts are down 13 to 14 cents on the session. MPLS spring wheat is back down 10 to 11 cents. 

A delayed Export Sales report showed a 7-week high of 504,112 MT of wheat booked in the week of October 10. That was on the higher side of the 250,000 to 550,000 MT estimates and up 16.27% from last week. Mexico was the lead buyer of 135,000 MT, with the Philippines purchasing 70,000 MT. 

The FranceAgriMer showed the country’s soft wheat crop at 10% planted as of October 14.

Dec 24 CBOT Wheat  is at $5.71 1/4, down 18 1/4 cents,

Mar 25 CBOT Wheat  is at $5.92, down 17 1/2 cents,

Dec 24 KCBT Wheat  is at $5.82 3/4, down 13 1/4 cents,

Mar 25 KCBT Wheat  is at $5.97, down 13 cents,

Dec 24 MGEX Wheat  is at $6.18 1/4, down 10 1/2 cents,

Mar 25 MGEX Wheat  is at $6.40, down 10 cents,

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.