SRW futures are trading firm to 1 1/4 cents weaker in the front months. KC HRW futures are down 1 3/4 to 2 1/4 cents so far. MGE wheat is down the most at midday with losses of as much as 3 pennies/bu. The national average cash price for SRW wheat was $5.02/bu according to cmdtyView. Russia’s SovEcon increased their 2020/21 production estimate by 300k MT to 81.2 MMT. Chinese purchases of French wheat are circulating the wires, with reports ranging 0.7 to 1 MMT booked last week. MYTD France has shipped 200k MT of wheat to China.
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Sep 20 CBOT Wheat is at $5.19, down 1/2 cent,
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Sep 20 KCBT Wheat is at $4.40, down 1 1/2 cents,
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Sep 20 MGEX Wheat is at $5.11, down 2 1/4 cents,
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--- provided by Brugler Marketing & Management
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