Wheat is trading in most contracts on Tuesday. Chicago SRW Futures were 7 to 9 cents less in the front months on Tuesday. The Canasus City HRW contracts were 10 to 11 cents in red color. Miniapolis spring wheat futures saw 8 to 10 percent losses.
A Bloomberg survey by analysts shows that wheat is expected to be produced from 3 MBU to 1.924 BBU before Thursday’s crop progress report. Most of these winter wheat crop is expected to come, which is expected to increase to about 8 MBUs 1.389 BBUs. The HRW crop is viewed up to 755 from 4 MBU, with the SRW2 MBU over 346 and the white wheat crop is stable at 253. Old crop wheat shares are expected to reach 4 MBUs 845, of which the new crop is 2 to 925 MBUs.
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The US winter wheat crop was harvested by 4% by Sunday behind an average of 7% 5 years. Each of the 18 reported states was behind normal. The rating rated 2% to 54% GD/EX, as Brugler500 ranged from 5 digits to 341. The biggest innings was noted in NE (+77 points), as the GD/Ex rating jumped from 20% to 43% and the poor/very badly 35% to 13%. Other notable improvements were with TX (+20), CO (+19), and OK (+9). The rating in MT was 38 points below, with or fell 12 and fell down.
In crop progressions figures, the condition of spring wheat crop was an improvement in one and 3% to 53% GD/east as Brugler ranged from 500 7 points to 347. Most of it came into ND (+18), all improved with SD (+10), MN (+6), and ID (+2). The decline in MT and WA was mentioned by losing 5 points.
Soft wheat exports of the European Union have done a total of 19.49 MMT from July 1 to June 8 as per data from the European Union Commission, which falls behind 29.23 MMT from the same period last year.
Jul 25 cbot wheat Closed at $ 5.34 1/2, 7 1/2 cents below,
25 September cbot wheat Closed at $ 5.48 3/4, 8 1/4 cents below,
July 25 KCBT Wheat Closed at $ 5.27 1/4, 10 1/4 cents below,
25 September KCBT Wheat Closed at $ 5.40, 10 1/4 cents below,
Jul 25 mgex wheat Closed at $ 6.13 1/4, 91/4 cents below,
September 25 Magex Wheat Closed at $ 6.23 3/4, 8 3/4 cents below,
On the date of publication,
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