Wheat Posting Midday Gains | Nasdaq | U.S. Finance News
Wheat is a brilliant spot for the grain bulls on Tuesday with beneficial properties throughout the three exchanges. Chicago SRW futures are up 5 to 7 cents. KC HRW is 5 to eight cents greater. MPLS spring wheat is 5 to eight cents within the inexperienced. There had been no deliveries issued for Chicago wheat in a single day, with 5 supply notices for September KC wheat. Wheat manufacturing information will doubtless stay unchanged this month, as USDA waits for the Small Grains Summary report due on the finish of the month. However, the WAOB will replace the demand aspect of the stability sheets with any changes they deem vital. The average of analysts surveyed by Bloomberg reveals a slight 6 mbu cut to 822 mbu for US wheat ending stocks
NASS pegged the spring wheat crop at 85% harvested, which was above the 83% average. The winter wheat crop was 6% planted, matching the 5-year average.The EU Commission estimates the advertising yr (beginning July 1) delicate wheat exports from the EU totaling 4.82 MMT by 9/8, a drop from the 6.25 MMT within the yr prior. Sep 24 CBOT Wheat closed at $5.54 3/4, down 3/4 cent,Dec 24 CBOT Wheat closed at $5.74 1/4, up 5 3/4 cents,Sep 24 KCBT Wheat closed at $5.74 3/4, up 5 cents,
Dec 24 KCBT Wheat closed at $5.83 1/2, up 7 3/4 cents,Sep 24 MGEX Wheat closed at $5.79, down 6 1/4 cents,Dec 24 MGEX Wheat closed at $6.12 1/4, up 5 1/2 cents,
On the date of publication,
Austin Schroeder
didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All data and information on this article is solely for informational functions. For more data please view the Barchart Disclosure Policy
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
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