KC wheat futures were 6 ¼ to 16 ½ cents lower at the close. Front month spring wheat futures were a dime lower at the close.
The Crop Progress report had spring wheat harvest advanced 15% points to 54% finished. That remains 9% points behind the average pace. The spring wheat ratings were 2 points lower on the Brugler500 Index to 312. MT increased by 8 points for the week on the index, while ND was down by 10 points.
USDA reported 390,364 MT of wheat shipments for the week that ended 8/24. That was up from 311k MT last week but down 241k MT from the same week last year. Accumulated shipments reached 4.03 MMT, but still trail last year’s pace by 21%.
Sep 23 CBOT Wheat closed at $5.88, down 5 1/4 cents,
Dec 23 CBOT Wheat closed at $6.17, down 4 3/4 cents,
Cash SRW Wheat was $5.19 1/1, down 5 1/2 cents,
Sep 23 KCBT Wheat closed at $7.37 1/2, down 16 1/2 cents,
Cash HRW Wheat was $6.75 1/8, down 16 1/2 cents,
Sep 23 MGEX Wheat closed at $7.65 1/4, down 10 1/2 cents,