Wheat Posts Marginal Losses on Tuesday

Wheat futures saw fractional to 3 cent losses in most contracts on Tuesday, held back by losses in the rest of the grain complex. The Northern Plains are still lagging harvest pace considerably, with KS now 81% harvested and OK and TX finishing up. Spring wheat conditions by state showed ID as the only to show deterioration, with MN up 1, SD 6 points higher, and ND unch. Taiwan importers issued a tender to buy 90,650 MT of US wheat on Tuesday, with the tender to close 7/23. Egypt’s GASC has set another buying tender for wheat for late August delivery with the tender to close tomorrow.

SEP 19 CBOT Wheat closed at $5.07 1/2, down 1/4 cent,

SEP 19 KCBT Wheat closed at $4.46 1/4, down 2 3/4 cents,

SEP 19 MGEX Wheat closed at $5.30 1/4, down 2 1/4 cents

--provided by Brugler Marketing & Management

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