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Wheat Pulls Off Early Friday Lows, Still See Pressure to Close the Week
['Austin Schroeder', 'July', 'Min Read']
Yahoo Finance
Chicago SRW contracts were down 12 to 18 1/4 cents in the front months at the close, with September slipping back 4 ¾ cents on the week.
MPLS spring wheat fell back 10 to 15 ¾ cents, as front months Sep was 22 ½ cents higher this week.
IKAR estimate the Russian wheat crop at 90 MMT in their latest projection, with 2026/27 exports seen at 44.5 MMT.
The French wheat crop was estimated at 65% gd/ex in the latest FranceAgriMer update, though harvest was pegged at 99% complete.
Sep 26 CBOT Wheat closed at $6.78, down 18 1/4 cents,Dec 26 CBOT Wheat closed at $6.95 1/2, down 18 1/4 cents,Sep 26 KCBT Wheat closed at $7.45 1/4, down 14 1/2 cents,Dec 26 KCBT Wheat closed at $7.61 1/2, down 14 1/4 cents,Sep 26 MIAX Wheat closed at $7.14 1/4, down 15 3/4 cents,Dec 26 MIAX Wheat closed at $7.38 3/4, down 15 1/4 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.