Wheat Markets Mixed on Weather and Trade Data

Wheat futures are mixed today, with Chicago mostly 2 cents lower and MPLS 3 to 4 cents higher. KC HRW is under the most stress, giving back 6 to 8 cents of the advance from Thursday. The nearby CBT-KC spread closed at the largest CBT premium on record of 54 3/4 cents on Thursday and has widened again today. Census Trade data for April shows US exporters shipped 2.83 MMT (103.98 mbu) of wheat, the highest monthly total all year. That was a 6-year high for April and 44.46% above March, with the YTD total at 813 mbu and just May data remaining.

Jul 19 CBOT Wheat is at $5.05, down 5 cents,

Jul 19 KCBT Wheat is at $4.46 3/4, down 8 1/2 cents,

Jul 19 MGEX Wheat is at $5.68, up 3 cents

--provided by Brugler Marketing & Management




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