⛏Chicago SRW Wheat Futures
WHEAT
▼ NegativeSupplyrelevance
Wheat futures are trading lower, with losses across contracts, driven by harvest progress and export data.
Impact on assets 1
Others
Wheat futures are trading lower on Tuesday morning, with losses ranging from 3 to 9 cents across the complex. On Monday, Chicago SRW contracts fell 11 to 18 cents, KC HRW futures dropped 10 to 16 and a quarter cents, and MPLS spring wheat slipped 1 and a half to 9 and a quarter cents. The USDA reported that 81% of the US winter wheat crop is harvested, 2% ahead of the five-year average, while spring wheat conditions held steady at 53% good to excellent. Export inspections for the week ending July 23 totaled 394,785 metric tons, up 71.82% from the prior week and 36.01% above the same week last year, though cumulative shipments of 2.543 million metric tons remain 23.21% below last year's pace. SovEcon lowered its Russian wheat export estimate by 1.9 million metric tons to 44.6 million metric tons.
Wheat futures are trading lower, with losses across contracts, driven by harvest progress and export data.