On Monday afternoon, the promise of wheat is in red color. Chicago SRW Futures are 7 to 8 cents below most of the front months. The Census City HRW contract is also 4 to 5 cents less on the session. Miniapolis spring wheat futures are 9 to 12 cents in red color.
Weekly export inspection data prolonged wheat shipment at just 388,752 Mount (14.28 MBU) in the week ended on June 12. It was 19.91% before the week and 5.54% from the same week last year. Nigeria was the largest destination of 75,721 Mount, with 66,000 MT of Philippines and 55,824 tonnes up to Mount Thailand.
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Weekly CFTC data managed the money by cutting back 6,561 contracts from its large pure short position in futures and options of Chicago wheat. He kept a net shortage of 94,011 contracts till Tuesday. In Canasus City Wheat, he trimmed 3,064 contracts from 74,964 contracts from his big net short till June 10.
Jul 25 cbot wheat It is at $ 5.36, 7 3/4 cents below,
25 September cbot wheat $ 5.51 3/4, 7 1/2 cents below,
July 25 KCBT Wheat $ 5.35 3/4, is 5 cents,
25 September KCBT Wheat $ 5.50 1/2, below 4 1/2 cents,
Jul 25 mgex wheat $ 6.22 at 3/4, 11 1/2 cents below,
September 25 Magex Wheat $ 6.35 is at 3/4, below 9 1/2 cents,
On the date of publication,
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