Midday wheat trading has Tuesday prices on the decline. CBT futures are down 2 3/4 to 3 1/2 cents. HRW wheat futures are trading the weakest so far with midday losses of 5 3/4 to 7 1/4 cents. MPLS wheat futures are trading with losses of at least 2 1/4 cents. Winter wheat planting progressed 3% on the week to 96% complete, which is 2% ahead of average. Emergence was 1 ppt ahead of average with 85% emerged. Conditions were 46% good/ex for a Brugler500 score of 328. Japan is tendering for 102,000 MT of wheat. Iran is also tendering for 60k MT.
Dec 20 CBOT Wheat is at $5.95, down 3 cents, |
Dec 20 KCBT Wheat is at $5.51 1/2, down 6 1/2 cents, |
Dec 20 MGEX Wheat is at $5.50 1/4, down 4 1/4 cents, |
--- provided by Brugler Marketing & Management