Wheat futures are dealing with noon weak spot on Wednesday. Chicago SRW futures are down fractionally within the nearbys. There have been 209 deliveries towards Could CBT wheat in a single day, with 196 coming from a Marex buyer. Kansas Metropolis HRW futures are down 7 to eight cents are noon. Minneapolis spring wheat futures are down 4 to five cents.
Wheat manufacturing information might be launched within the Crop Manufacturing report on Monday, with all wheat manufacturing seen at 1.885 billion bushels. Winter wheat is seen at 1.325 bbu, with HRW at 748 mbu, SRW at 342 mbu, and white winter at 234 mbu.
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Rain is making their approach out of the Southern Plains this week after some rains in KS in a single day, wanting drier, with the southeast taking a look at heavier rain totals.
An Oklahoma crop tour by the Oklahoma Wheat fee estimates the states winter wheat crop at 35.9 bushel/acre and manufacturing totaling 101.169 million bushels.
Could 25 CBOT Wheat is at $5.19, up 4 3/4 cents,
Jul 25 CBOT Wheat is at $5.35 3/4, down 1/4 cent,
Could 25 KCBT Wheat is at $5.24 3/4, up 4 3/4 cents,
Jul 25 KCBT Wheat is at $5.30 3/4, down 7 1/4 cents,
Could 25 MGEX Wheat is at $6.16 1/2, unch,
Jul 25 MGEX Wheat is at $6.05 3/4, down 4 3/4 cents,
On the date of publication,
Austin Schroeder
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