Wheat Futures Are Double Digits Lower
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 ZWK24 - Wheat
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After a failed Turnaround Tuesday attempt overnight, midday wheat prices are double digits in the red. CBT futures are down 5 1/4 to 7 1/2 cents at midday. KC wheat prices are trading with losses of at least 11 3/4 cents so far. MGE spring wheat prices are down by 4 1/2 to 9 1/2 cents.  

Precip in the forecast across much of the Central/Southern Plains is pressuring the market at midday.

Ukrainian wheat export data showed that accumulated shipments had reached 15.6 MMT, on pace for their 17.5 MMT forecast. USDA’s estimate is for 17 MMT of wheat from the Ukraine. 

Indonesia issued an international tender for 180,00 MT of feed wheat. Japan’s MOA is seeking 124,620 MT of wheat. Both Algeria and Bangladesh are on the market for 50k MT of wheat. 

Jul 21 CBOT Wheat  is at $6.52 1/2, down 9 3/4 cents,

Cash SRW Wheat  is at $6.26 1/1, down 9 3/4 cents,

Jul 21 KCBT Wheat  is at $6.00 1/2, down 14 3/4 cents,

Cash HRW Wheat  is at $5.71 5/6, down 14 3/4 cents,

Jul 21 MGEX Wheat  is at $6.79, down 5 3/4 cents,




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