The wheat complex continues to slide down Monday, with the three exchanges that show weakness. CBT soft red wheat futures are quoted with contracts of 10 to 11 cents in red on Monday. KC HRW futures are publishing losses of 4 to 5 cents at noon. Spring wheat futures MPLs have dropped from 2 to 3 cents so far in the day.
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This morning’s export inspections report showed a total of 854,454 mt (31.4 MBU) of wheat sent in the 9/18 week. That was 12.96% above the previous week and 17.92% larger than last week. Philippines was the largest buyer of 131,998 TM, with 117,247 Mt sent to Mexico and 67,340 TM to Vietnam. The total marketing year is now sent to 8,711 mmt (320 MBU), which is 12.66% above the same period last year.
Friday afternoon commitment to the merchants report indicated that the funds of specifications in the futures and options of Chicago wheat were cutting their short net position in 6,569 contracts until Tuesday, taking the total to 85,825 contracts. In the futures and Wheat options of Kansas City, they cut their short net position for 1491 contracts, taking it to 51,534 contracts as of September 16.
December 25 Cbot Wheat is $ 5.11 1/2, less 11 cents,
Mar 26 Cbot Wheat is at $ 5.30 1/4, except 10 1/2 cents,
December 25 The KCBT wheat is $ 5.03, below 4 1/4 cents,
Mar 26 The KCBT wheat is $ 5.24 1/2, except 4 3/4 cents,
December 25 The MGEX wheat is $ 5.65, below 2 1/2 cents,
Mar 26 MGEX WHEAT is at $ 5.85 1/4, below 2 3/4 of cents,
On the date of publication, Austin Schroeder had no positions (directly or indirectly) in any of the values ​​mentioned in this article. All information and data in this article are only for informative purposes. This article was originally published at Barchart.com
(Tagstotranslate) Futuro Wheat Wheat (T) MPLS Spring Wheat Futures
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