Wheat

Wheat futures settled the day mostly steady to 3 cents higher, as CBT was lower in the back months. Wheat export sales for the week of September 7 are estimated to be 350,000-550,000 MMT in Thursday’s USDA report. The cash average farm price for 17/18 was lowered 20 cents to $4.60 in the WASDE report yesterday.All wheat prevent plant acres reported through September were at 616,085 acres, 2,201 larger than August. The Ukraine Ag ministry estimates that 8.25% of the country’s projected 15.07 million winter wheat acres have been planted.

Sep 17 CBOT Wheat closed at $4.20 3/4, up 1 1/4 cents,

Sep 17 KCBT Wheat closed at $4.18 1/4, up 2 1/4 cents,

Sep 17 MGEX Wheat closed at $6.26 1/4, unch,




Market Commentary provided by:

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