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Wheat futures closed the last day of August mostly up 1 to 6 cents in KC and MPLS. CHI wheat closed down 5 to up 6 cents. The USDA announced this afternoon that 88% of the national spring wheat crop has been harvested, significantly ahead of the five year average of 62%. Washington concluded harvest this week. On average, the Washington crop would only be 71% harvested. This morning, the USDA reported that 601,639 MT of wheat was inspected for export during the week ending 8/27. Export inspections increased by 90% week over week, bringing the YTD total to 5.04 MMT (still 23% behind last year). Russian wheat exports since July 1 have totaled 3.3 MMT. Exports were down 46.3% from 2014 from July 1 to August 9.
Sep 15 CBOT Wheat closed at $4.82 1/2, up 5 1/2 cents,
Sep 15 KCBT Wheat closed at $4.63 3/4, up 6 cents,