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Wheat End Monday With Losses
BRUG - Mon Jul 22, 5:41PM CDT

Wheat futures were down 8 to 15 1/4 cents in most contracts on Monday. All wheat exports for the week that ended on 7/18 were tallied at 433,117 MT via USDA’s Export Inspections report. That was a 24.27% jump from the previous and slightly higher than this week last year. The spring wheat quality tour is being held this week, which should contribute to our understanding of the MPLS HRS crop. NASS reported the spring wheat crop at 76%, unch from the previous week with the Brugler500 up 3 points on a swing from good to excellent. The crop was reported at 92% headed vs. the 94% average. The winter wheat harvest progressed 12% from the previous week to 69% complete but still lags the 79% average pace. Russia’s IKAR trimmed their 19/20 wheat crop estimated by 1.3 MMT to 76.1 MMT, vs. the USDA at 74.2 MMT. Egypt is tendering for wheat, with results expected on Tuesday.

SEP 19 CBOT Wheat is at $4.87 1/4, down 15 1/4 cents,

SEP 19 KCBT Wheat is at $4.29 1/4, down 10 3/4 cents,

SEP 19 MGEX Wheat is at $5.21 1/4, down 8 cents

--provided by Brugler Marketing & Management

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