Wheat Bears Pushing Losses into Friday’s Midday

The wheat complex is heading into the weekend with losses across the three exchanges. Chicago SRW contracts are slipping back 7 to 8 cents to round out the week. KC HRW futures are trading with 7 to 8 cent losses at midday. MPLS spring wheat is down 6 to 7 cents so far on Friday.

USDA’s Export Sales report from this morning showed 319,901 MT of wheat sold in the week of October 8 coming on the low side of the 300,000 and 600,000 MT estimates. That was down 29.16% from a week ago and 47.89% below the same week last year.

The FranceAgriMer estimates the country’s wheat crop at 15% planted by October 12. 

Dec 26 CBOT Wheat  is at $6.62 3/4, down 7 1/4 cents,

Mar 27 CBOT Wheat  is at $6.77, down 7 1/4 cents,

Dec 26 KCBT Wheat  is at $7.05 1/2, down 7 1/2 cents,

Mar 27 KCBT Wheat  is at $7.17 1/4, down 7 1/2 cents,

Dec 26 MIAX Wheat  is at $6.79 1/2, down 6 1/2 cents,

Mar 27 MIAX Wheat  is at $6.97, down 6 1/2 cents,

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.