Wheat Mixed at Wednesdays Close

Wheat futures finished mixed on Wednesday. CBOT closed higher by 2 1/2 cents, KCBT was down 1/2 cent, and MGEX ended 1 3/4 cents lower. Thursday’s weekly Export Sales report is expected to show 300,000-500,000 MT of wheat booked in the week that ended on August 15. US SRW FOB prices are uncompetitive on the world market, with losses in French wheat adding more pressure. Nearby French milling wheat futures traded at the lowest point since April 2018 this week. US SRW FOB prices are $203.26/ton vs. French at $182.59/ton and US HRW @ $173.06/ton.

SEP 19 CBOT Wheat closed at $4.62 1/2, up 2 1/2 cents

SEP 19 KCBT Wheat closed at $3.86 1/4, down 1/2 cent

SEP 19 MGEX Wheat closed at $5.02 1/4, down 1 3/4 cents

-- provided by Brugler Marketing & Management




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