The wheat complex is facing some month end pressure to close out August. Chicago SRW contracts posted 3 ¾ to 10 ¼ cent losses, as contracts were 15 to 18 cents off the lows. There were just 9 deliveries first notice day for Sep CBT wheat. KC HRW futures were down 1 ½ to 7 ½ cents in the front months, with deferreds up 1 to 11 cents. There were 143 delivery notices for September KC wheat on FND. MPLS spring wheat was down 2 to 6 1/4 cents at the close.
Over the weekend, Turkey was reportedly pushing for a Black Sea shipping corridor to help restore the flow of grains, which have been limited.
