Wheat

Wheat futures finished the Tuesday session with most contracts higher, as nearby MPLS contracts were steady. The US supply and demand table was left unchanged for 17/18, with production at 1.739 bbu, and ending stocks at 933 mbu. They are waiting on the September 29 Small Grains report for data. World wheat ending stocks for new crop was adjusted to 263.14 MMT, a 1.55 MMT drop from August. Russian production was increased 3.5 MMT to 81 MMT, while Australian and EU production ideas were reduced. Japan is seeking 139,382 MT of wheat from Australia, Canada and the US in their weekly MOA tender. It calls for 55,645 MT of US wheat, with the tender to close Thursday.

Sep 17 CBOT Wheat closed at $4.19 1/2, up 7 1/4 cents,

Sep 17 KCBT Wheat closed at $4.16, up 6 3/4 cents,

Sep 17 MGEX Wheat closed at $6.26 1/4, unch,




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