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Tuesday, February 14, 2023 8:54:00 AM
Wheats Off Overnight Highs
By: Barchart | February 14, 2023
The wheat market is showing a mixed mostly higher but futures were working back towards break even so far on Tuesday. They closed out the Monday session higher. CBT SRW futures were up 1 ¼ to 6 cents across the board. KC wheat contracts were mostly steady to 3 ¼ cents higher at the close. Spring wheat futures settled with contracts firm to 2 cents in the green.
Weekly wheat exports were reported at 472,327 MT for the week of 2/09. That is 118k MT lower on the week, but is up 13k MT from the same week last year. HRW and HRS made up 70% of the week’s total. USDA also added 55k MT of shipments to past reports for a MY total of 14.286 MMT, now trailing last year by 1.5%.
The Texas state Crop Progress report showed that 11% of the state’s winter wheat crop was rated gd/ex as of February 12, down 2% on the week. That translates to a Brugler500 index of 231, 4 points lower vs. last week.
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By: Barchart | February 14, 2023
The wheat market is showing a mixed mostly higher but futures were working back towards break even so far on Tuesday. They closed out the Monday session higher. CBT SRW futures were up 1 ¼ to 6 cents across the board. KC wheat contracts were mostly steady to 3 ¼ cents higher at the close. Spring wheat futures settled with contracts firm to 2 cents in the green.
Weekly wheat exports were reported at 472,327 MT for the week of 2/09. That is 118k MT lower on the week, but is up 13k MT from the same week last year. HRW and HRS made up 70% of the week’s total. USDA also added 55k MT of shipments to past reports for a MY total of 14.286 MMT, now trailing last year by 1.5%.
The Texas state Crop Progress report showed that 11% of the state’s winter wheat crop was rated gd/ex as of February 12, down 2% on the week. That translates to a Brugler500 index of 231, 4 points lower vs. last week.
Read Full Story »»»
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