{"id":1784,"date":"2024-07-05T04:59:34","date_gmt":"2024-07-05T04:59:34","guid":{"rendered":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/?p=1784"},"modified":"2024-07-05T04:59:35","modified_gmt":"2024-07-05T04:59:35","slug":"wheat-mixed-to-kick-off-wednesday","status":"publish","type":"post","link":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wheat-mixed-to-kick-off-wednesday\/","title":{"rendered":"Wheat Mixed to Kick off Wednesday"},"content":{"rendered":"\n
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The wheat market is posting mixed trade so far on Wednesday morning. They fell lower on the Tuesday session. Chicago futures gave back some of Monday\u2019s gains with losses of 5 \u00be to 9 \u00bc cents. Kansas City futures slipped back 1 \u00be to 9 \u00be cents. MPLS spring wheat was back down \u00bc to 1 \u00bd cents, with a few deferred contracts up 3 \u00be to 5 \u00bd cents. <\/p>\n\n\n\n

Wednesday will be the last full trade day of the week with Thursday off for the July 4th holiday, and a hard 8:30 am CDT open on Friday. There were 183 contracts issued against July CBT futures overnight, all by SG Americas customers. No strong stopper emerged. <\/p>\n\n\n\n

USDA confirmed that KS was 31% points above normal on harvest at 80% complete. The daily harvest reports (actually 3x weekly) show rain has slowed some of the remaining harvest.  Yields are variable as usual, with a strong representation of 12% protein. <\/p>\n\n\n\n

Spring wheat was 38% headed, 1% faster than normal. Just MT and MN were reported above normal maturity for the date.  Condition ratings were up 1% to 72% gd\/ex, vs. trade estimates calling for a drop, as the Brugler500 index was up 5 to 378. MT was the only state to see a drop for the week (by 9 points), with MN improving 18 points. <\/p>\n\n\n\n

Japan\u2019s Ministry of Ag is looking for 129,660 MT of wheat from Australia, Canada, and the US in their weekly tender, as 59,670 MT US specific.<\/p>\n\n\n\n

Jul 24 CBOT Wheat<\/a>  closed at $5.61 1\/2, down 7 3\/4 cents, currently up 2 \u00bc cents<\/p>\n\n\n\n

Sep 24 CBOT Wheat<\/a>  closed at $5.81, down 9 1\/4 cents, currently down \u00bc cents<\/p>\n\n\n\n

Jul 24 KCBT Wheat<\/a>  closed at $5.93, down 9 3\/4 cents, currently down 1 \u00bc cents<\/p>\n\n\n\n

Sep 24 KCBT Wheat<\/a>  closed at $5.92 1\/4, down 7 1\/4 cents, currently down 1 \u00be cents<\/p>\n\n\n\n

Jul 24 MGEX Wheat<\/a>  closed at $6.28, unch, currently unch<\/p>\n\n\n\n

Sep 24 MGEX Wheat<\/a>  closed at $6.31, down 1 1\/4 cents, currently down 1 \u00bc cents
On the date of publication, Alan Brugler<\/a> 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<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The wheat market is posting mixed trade so far on Wednesday morning. They fell lower on the Tuesday session. Chicago futures gave back some of Monday\u2019s gains with losses of 5 […]<\/p>\n","protected":false},"author":1,"featured_media":1791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,11],"tags":[],"class_list":["post-1784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alan-brugler","category-wheat","entry","has-media"],"_links":{"self":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/1784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/comments?post=1784"}],"version-history":[{"count":1,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/1784\/revisions"}],"predecessor-version":[{"id":1792,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/posts\/1784\/revisions\/1792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/media\/1791"}],"wp:attachment":[{"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/media?parent=1784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/categories?post=1784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jwilsonpaving.ca\/wilsonfarms\/wp-json\/wp\/v2\/tags?post=1784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}