Every Friday, U.S. Wheat Associates (USW) compiles information from market sources, including U.S. wheat exporters of all classes from various U.S. ports. The prices represent the value of number two grade and the proteins indicated. These prices are not intended to represent offers nor should importers of U.S. wheat rely upon them as such. Subscribe to this report to receive it via email every Friday.
August 10 2018 Price Report
CBOT September wheat fell to
down 9 cents
KCBT September wheat decreased to
down 7 cents
MGEX September wheat dropped to
down 4 cents
After a week that recorded 3-year U.S. wheat futures highs, wheat futures closed lower on Friday due to profit-taking and spillover weakness from corn and soybeans. USDA estimates for shrinking global wheat production and increasing global wheat consumption limited losses. Mediocre export demand and a strong U.S. dollar continue to limit gains. CBOT September wheat fell 9 cents to $5.47bu, KCBT decreased 7 cents to $5.60/bu and MGEX lost 4 cents to close at $6.09/bu. CBOT September corn declined 12 cents to $3.58/bu and CBOT August soybeans plummeted 40 cents to $8.46/bu.