Wheat Mixed on Friday

Wheat futures are showing firm to 2 cent gains in the CBT contracts, with MPLS slightly mixed and KC 1 to 3 cents lower. As of August 1, US total wheat export commitments are 36 % of the USDA projected total, with the 5-year average at 41%. USDA estimates world stocks for old crop wheat at 275.15 MMT, with new crop expected to rise to 286.46 MMT. SovEcon lower its estimates for the Russian wheat harvest to 74.4 mmt, down .7 mmt. A Russian ag watchdog reported an agreement between Russia and Saudi Arabia to allow imports of Russian wheat.

SEP 19 CBOT Wheat is at $4.99 1/2, up 1 cent,

SEP 19 KCBT Wheat is at $4.17, down 1 1/2 cents,

SEP 19 MGEX Wheat is at $5.20 1/4, down 1/4 cent

--provided by Brugler Marketing & Management




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