The wheat complex is showing losses in most contracts on Friday. Chicago SRW contracts are down 11 to 13 cents in the front months. KC HRW futures are 8 to 10 ½ cents in the nearby contracts. MPLS spring wheat is down 8 cents in the nearby contracts.
Export Sales data has wheat sales at 5.522 MMT, which is down 16% from last year. That is 26% of the USDA export projection and lags the 28% 5-year average.
FranceArgiMer estimates the French soft wheat crop at 74% in good/excellent conditions, down 2 percentage points from last week, with harvest listed at 7% complete. The durum crop was pegged at 58% gd/ex, down 6 points from the week prior, with 19% of the crop harvested.
Jul 26 CBOT Wheat is at $5.78 3/4, down 12 1/4 cents,
Sep 26 CBOT Wheat is at $5.90 1/4, down 11 1/4 cents,
Jul 26 KCBT Wheat is at $6.12, down 8 1/2 cents,
Sep 26 KCBT Wheat is at $6.20, down 10 1/2 cents,
Jul 26 MIAX Wheat is at $5.79 1/4, down 8 cents,
Sep 26 MIAX Wheat is at $6.07, down 8 cents,
