Wheat Lower

Wheat futures are lower by 1 3/4 to 7 1/2 per bushel higher across the three US markets midday Tuesday. The weekly Crop Progress report from NASS showed 93% of the winter wheat crop harvested as of August 18, up 4% on the week and 5% behind normal. The spring wheat crop was 16 % harvested, with the normal pace at 49%. Condition ratings were tallied at 70% gd/ex, up 1 from a week ago, as the Brugler500 index for spring wheat was up 2 point to 374. Japan’s weekly MOA tender is for 110,057 MT of wheat sourced from the US and Canada, with 58,332 MT US specific.

SEP 19 CBOT Wheat is at $4.58, down 7 1/2 cents,

SEP 19 KCBT Wheat is at $3.85 1/2, down 5 3/4 cents,

SEP 19 MGEX Wheat is at $5.03 3/4, down 1 3/4 cents

--- provided by Brugler Marketing & Management

Market Commentary provided by:

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