Market Overview

Wheat Futures Little Higher

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September Chicago Wheat is trading at 580 3/4, up 3 1/4 cents and December Chicago Wheat is trading at 588 1/4 up 3 1/2 cents. September Kansas City Wheat is trading at 584 1/4, up 1 1/4 cents and December Kansas City Wheat is trading at 603 1/4, up 3/4 of a cent. Market chatter about French wheat production is making the rounds. Egypt bought wheat from Russia and from Ukraine. The USDA is due to report weekly wheat export sales today, the estimates are near 400,000 tonnes. The USDA will release its monthly crop production report on Friday July 10th at 12:00 PM ET. Chatter about global headline financial news has been making the rounds. Trading is expected to be very choppy.

Posted-In: WheatFutures Commodities Markets

 

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