Wednesday Wheat Giving back Gains

Wednesday Wheat Giving back Gains

Profit taking is the story for wheat, as futures are giving back yesterday gains. Chicago wheat futures are giving back 9 3/4 to 10 cents of yesterday’s double digit run. Kansas City wheat is 6 1/2 to 9 cents lower at midday, and MLPS wheat is down by 4 1/2 to 6 3/4 cents in nearby contracts.. French AgriMer lowered their ending wheat stocks projection to 2.5 MMT, riding an increase in anticipated exports, which were updated to 12 MMT. Jordan released an international tender for 120,000 MT of wheat. US weekly wheat export inspections, were above trade expectations, at 528,875 MT. The MY accumulated export inspections for wheat are now 421.07 mbu.

DEC 19 CBOT Wheat is at $5.06 3/4, down 10 1/4 cents,

DEC 19 KCBT Wheat is at $4.30, down 8 3/4 cents,

DEC 19 MGEX Wheat is at $5.16 3/4, down 5 cents

-- provided by Brugler Marketing & Management




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