Wheat is showing mixed trade again on Tuesday, with the winter wheats firmer and spring wheat weaker. The wheat complex saw mixed action on Monday, with the KC market the weak link. CBT soft red wheat futures were 2 to 3 cents higher to close out the Monday session. Prelimininary open interest suggested some short covering, down 4,731 contracts. KC HRW futures slipped back to close with fractional to 1 ¼ cent losses. MPLS spring wheat closed Monday with 2 to 2 ½ cent gains.

The weekly NASS Crop Progress report showed the winter wheat harvest at 98% complete. The spring wheat crop was 53% harvested, behind the 54% average. The final condition rating for the year saw 49% of the crop in good/excellent categories, down 1%, as the Brugler500 index was steady at 333.

USDA tallied wheat export shipments at a multi-year high 946,240 MT (34.77 mbu) during the week ending on August 21. That was more than double last week and 71.35% above the same week last year. Of that total, 150,716,265 MT was headed to Indonesia, with 146,660 MT on its way to the Philippines and 142,969 MT to South Korea. Marketing year exports have totaled 5.763 MMT (211.75 mbu), which is 10.99% above the same period last year.

Russia’s wheat crop estimate from IKAR was raised by 0.5 MMT to 86 MMT, with the exports raised by the same to 43 MMT.

Sep 25 CBOT Wheat  closed at $5.06 3/4, up 2 cents, currently up 1 3/4 cents

Dec 25 CBOT Wheat  closed at $5.29 3/4, up 2 1/2 cents, currently up 2 cents

Sep 25 KCBT Wheat  closed at $4.96 3/4, down 1 1/4 cents, currently unch

Dec 25 KCBT Wheat  closed at $5.20 3/4, down 1/4 cent, currently up 1/4 cent

Sep 25 MGEX Wheat  closed at $5.72 1/2, up 2 cents, currently down 2 1/2 cents

Dec 25 MGEX Wheat  closed at $5.93 1/2, up 2 1/2 cents, currently down 2 1/2 cents