Front month wheat futures are down 47 to 61 cents in Chicago. KC wheat prices are down 42 3/4 to 49 1/2 cents for midday. MGE wheat prices are down 32 1/4 to 39 1/2 cents so far.
Ukraine’s Ag Ministry reported that 13.4 MMT of grain shipments for the season through 11/2. That was down 32% from last year, and included 5.1 MMT of wheat which was down 60% from last year. IKAR estimated the Russian 22/23 wheat crop at 101 MMT with 50 MMT of exportable supply.
Buenos Aries Grains Exchange left their Argentine wheat forecast for 22/23 wheat at 15.2 MMT. Argentina is set to permit delayed wheat exports on contract citing the drought concerns.
Dec 22 CBOT Wheat is at $8.41 3/4, down 60 3/4 cents,
Mar 23 CBOT Wheat is at $8.60 3/4, down 58 1/4 cents,
Cash SRW Wheat is at $7.73 3/8, down 59 5/8 cents,
Dec 22 KCBT Wheat is at $9.40 1/2, down 49 1/2 cents,
Cash HRW Wheat is at $8.98 1/4, down 49 5/8 cents,
Dec 22 MGEX Wheat is at $9.50 1/4, down 39 1/2 cents,