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Today's Change
Delayed Last Update

Wheats Red at Midday

Barchart - Fri Feb 23, 12:30PM CST

Friday’s wheat market is working 6 to 10 cents weaker across the domestic classes. Chicago futures are 1.6% to 1.7% weaker. The KC HRW futures are down by 1.3%. The March HRW/SRW spread is still 7c premium for SRW. MGE futures are down by 1.4% at midday.

The weekly wheat export sales were 233,500 MT for the week that ended 2/15. That was below the range of estimates and down 34% from the week prior. 98.5k MT of the total were listed as HRW, which was a 5-wk high for the class. The report also had 46.6k MT of new crop wheat sales for the week. 

Japan purchased 115,921 MT of wheat in their weekly MOA tender, with 30,435 MT US origin and the rest split between Australia and Canada.

Mar 24 CBOT Wheat  is at $5.73 1/2, down 9 3/4 cents,

May 24 CBOT Wheat  is at $5.68 3/4, down 10 1/2 cents,

Mar 24 KCBT Wheat  is at $5.66, down 8 cents,

Mar 24 MGEX Wheat  is at $6.41, down 10 1/4 cents,

On the date of publication, Alan Brugler 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.

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