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Wheat Seeing Weakness at Midday
BRUG - Fri Sep 13, 12:30PM CDT

Wheat futures are down 1 to 4 1/4 cents in most contracts on Friday. Credit that to pre-weekend profit taking. USDA made several changes to the production category of other main countries on Thursday. EU production was up 1 MMT to 151 MMT, with India up 1 to 102.19 MMT. They cut Australia by 2 MMT to 19 MMT, with Ukraine and Russia both down 0.5 MMT to 28.7 MMT and 72.5 MMT respectively. SovEcon added 0.5 MMT to their Russian projection, now at 75.9 MMT. Paris Milling futures are at their highest point since mid-August.

DEC 19 CBOT Wheat is at $4.82 1/4, down 1 1/2 cents,

DEC 19 KCBT Wheat is at $3.99 1/4, down 4 1/4 cents,

DEC 19 MGEX Wheat is at $5.04 3/4, down 2 1/2 cents

Source: Brugler Marketing & Management

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