Wheat Markets Fall on Thursday

Midday trading for the Thursday session has domestic futures in the red again. KC HRW wheat is down the most, with 7 3/4 to 10 1/4 cent losses. SRW wheat futures are down 6 1/2 to 7 1/2 cents. MGE wheat is down by as much as 5 1/2 cents so far. Wheat export sales on the week ending July 30 were 605,472 MT. That was lower wk/wk, but still 24% above last year and within the range of trade expectations. Total commitments through the first 9 weeks are the highest since the 2014/15 MY. South Korea purchased 57,400 MT of U.S. wheat in an international tender. Japan’s MOA tender was filled – with 66,050 MT of U.S. origin wheat purchased.

Sep 20 CBOT Wheat is at $5.03 1/2, down 7 1/4 cents,

Sep 20 KCBT Wheat is at $4.16 1/4, down 10 1/4 cents,

Sep 20 MGEX Wheat is at $4.96, down 5 1/2 cents,

--- provided by Brugler Marketing & Management




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