S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The wheat complex faced pressure across the three markets on Friday. Chicago SRW futures were 12 to 13 1/2 cents lower, as May fell 18 ½ cents. KC HRW futures were 21 to 21 1/2 cents in the red at the close, with May down 23 ¾ for the week. MPLS spring wheat was down 10 ¾ to 15 3/4 cents in the front months, as May slipped back 17 ½ cents from last Friday.
CFTC data from this afternoon showed a total of 9,643 contracts trimmed from the CBT wheat spec net short position as of Tuesday. A mix of new longs and fewer shorts took the net short to 12,702 contracts. In KC wheat futures and options, managed money increased their net long by just 1,301 contracts to 10,729 contracts.
USDA’s Export Sales data has wheat export commitments at 23.853 MMT, which is up 14% from last year. That is also 97% of the USDA export projection at 900 mbu and behind the 99% average sales pace. Shipment data is running ahead of schedule, at 19.279 MMT, which is 78% of USDA’s number vs. the 76% average pace.
FranceAgriMer estimates the country’s wheat crop at 84% good/excellent, steady with last week, as durum was also steady at 81%.
May 26 CBOT Wheat closed at $5.95 1/4, down 12 3/4 cents,
Jul 26 CBOT Wheat closed at $6.07 1/4, down 12 1/4 cents,
May 26 KCBT Wheat closed at $6.06 1/4, down 21 cents,
Jul 26 KCBT Wheat closed at $6.21 1/4, down 21 cents,
May 26 MIAX Wheat closed at $6.28, down 15 3/4 cents,
Jul 26 MIAX Wheat closed at $6.42 3/4, down 15 3/4 cents,
