Wheat Markets Mixed, with Spring Wheat Higher

Wheat futures are showing 3 to 4 cents losses in the KC and Chicago contracts this morning. MPLS spring wheat is fractionally higher. They settled Monday with 10 to 18 1/4 cent losses across the three exchanges. Monday afternoon NASS reported that 57% of the winter wheat crop was harvested, up only 10% from last week and 14% below the average pace. With the dry weather more had been expected. Spring wheat was 78% headed, with conditions down 2% to 76% gd/ex and 1 point lower on the Brugler500 to 382. Weekly wheat shipments were reported at 315,373 MT for the week of July 11 in USDA’s Export Inspections report. That was down 34.45% from the same week in 2018.

--provided by Brugler Marketing & Management

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