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Wheat Little Lower

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Wheat futures are trading a little lower Wednesday morning. September Chicago Wheat is trading at 564 3/4, down 6 1/4 cents and December Chicago Wheat is trading at 571, down 5 1/2 cents. September Kansas City Wheat is trading at 554 3/4, down 6 1/2 cents and December Kansas City Wheat is trading at 574 1/4, down 7 cents.

Market chatter about weather for Canadian crops and in part of the U.S. is making the rounds. Market talk that about better prices available for wheat from the Black Sea region has some buyers stepping back a bit. Egypt bought 120,000 tons of wheat from Romania and 115,000 tons of wheat from Russia near the $199-$200 per ton versus U.S. Gulf prices that are hovering near $240 per ton.

 

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Posted-In: WheatFutures Commodities Markets

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