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“After setting a new contract low Tuesday, Chicago wheat rebounded with September up 7 cents to 505 ½. Kansas City and Minneapolis posted smaller September gains, up 1 ¼ to 500 ¾ and up 1 ½ to 570, respectively. The bounce reflected oversold conditions and United States,” Total Farm Marketing said. “FOB Gulf values trading about $10 below Russian offers.”
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John Heinberg at Total Farm Marketing said, “Winter wheat closed in the red, likely due to prospects for better rains in the U.S. Southern Pla…
“All three wheat classes are trading higher this morning as poor crop conditions support prices,” Total Farm Marketing said. “May Chicago whea…
ADM Investor Services said, “Prices are steady to $.03 higher. CGO July-26 is up $.03 at $6.20, KC July-26 is $.01 higher at $6.71, while MIAX…
“Prices sold off late, particularly for the spot May-25 contracts ahead of FND. Prices ranged from $.07 lower in CGO and KC May-26 contracts t…
“Prices were down $.10-$.16 as the wheat market experienced spillover selling from yesterday’s weak close. Spreads weakened in all 3 classes w…
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