The wheat complex was under pressure on Tuesday, with the three markets falling lower. Chicago SRW contracts were 11 to 14 cents in the red. KC HRW futures were 9 1/2 to 11 1/4 cents lower across the board. MPLS spring wheat was down 5 1/2 to 10 3/4 cents across most contracts.
Weekly NASS Crop Progress data showed spring wheat conditions up 2% at 55% gd/ex, with the Brugler500 index up 6 points higher to 348. Ratings in MT and SD were up 27 points, with ND down 7 and MN slipping 1 point,
Export data released by Census this morning showed 1.473 MMT of exports in June, a 3 year low and 8.49% below the May total.
A South Korean mill purchased 50,000 MT of US wheat in a tender overnight.
Sep 26 CBOT Wheat closed at $6.38 1/2, down 12 1/2 cents,
Dec 26 CBOT Wheat closed at $6.57 1/4, down 12 cents,
Sep 26 KCBT Wheat closed at $7.07, down 10 1/4 cents,
Dec 26 KCBT Wheat closed at $7.24 1/2, down 9 1/2 cents,
Sep 26 MIAX Wheat closed at $6.85 1/2, down 10 1/2 cents,
Dec 26 MIAX Wheat closed at $7.09 1/4, down 10 3/4 cents,
