Wheat Futures Little Lower

September Chicago Wheat is trading at 419 1/4, down 2 1/2 cents/bushel. December Chicago Wheat is trading at 440, down 1 1/2 cents/bushel. September Kansas City Wheat is trading at 411, down 3/4 of a cent/bushel. Wheat futures are trading a little lower after Wednesday's choppy trading session. Market chatter about weather for wheat growing areas overseas is making the rounds. The French Agricultural cooperative InVivo estimated that French wheat exports may fall to 11.5 million tonnes, down about 9 million tonnes from last year. The group's estimate for French wheat production is 28 to 30 million tonnes. The USDA weekly wheat export sales report is due out at 8:30 a.m. ET. The USDA is set to release the World Agricultural Supply and Demand Estimates Report (WASDE) and crop production data Friday at 12:00 p.m. ET.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: FuturesCommoditiesMarketsWheat futures
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!