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Wheat Posts Thursday Strength
The wheat complex saw some double digit gains on Thursday, as a majority of the three exchanges were higher. KC HRW posted a 9 to 10 cent gain across most nearby contracts at the final bell. CBT futures were 9 to 10 cents higher in the front months as well. MPLS spring wheat saw more marginal gains, with contracts up 2 to 5 cents. USDA showed a total of 737,831 MT of wheat sold in the week ending on July 31, with a heavy focus on HRW (414,312 MT). That exceeded analysts' estimates and was a MY high. The largest buyer was Nigeria of 185,900 MT, with 165,000 MT sold to Bangladesh and 105,900 MT to Mexico. More News from Barchart Coffee Prices Settle Lower on Tariff Woes Tariff Turmoil Weighs on Coffee Prices The Bullish Cattle Stampede Rumbles On. Here's What to Watch Next After Record Cattle Highs. Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Another South Korean importer purchased 65,000 MT of wheat in a tender overnight, with the expected origin to be the US. Expana (previously Strategie Grains) estimates the EU wheat crop at 132.8 MMT, which is up 2.1 MMT from their pervious number. Sep 25 CBOT Wheat closed at $5.18 1/4, up 9 3/4 cents, Dec 25 CBOT Wheat closed at $5.39, up 9 3/4 cents, Sep 25 KCBT Wheat closed at $5.21 1/2, up 10 cents, Dec 25 KCBT Wheat closed at $5.41 3/4, up 9 3/4 cents, Sep 25 MGEX Wheat closed at $5.74, up 5 cents, Dec 25 MGEX Wheat closed at $5.95, up 2 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
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Lifecore Biomedical: Fiscal Q4 Earnings Snapshot
CHASKA, Minn. (AP) — CHASKA, Minn. (AP) — Lifecore Biomedical, Inc. (LFCR) on Thursday reported a loss of $1.1 million in its fiscal fourth quarter. The Chaska, Minnesota-based company said it had a loss of 6 cents per share. Losses, adjusted for restructuring gains, came to 10 cents per share. The agricultural and food packaging products company posted revenue of $36.4 million in the period. For the year, the company reported a loss of $38.7 million, or $1.27 per share. Revenue was reported as $128.9 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on LFCR at Sign in to access your portfolio
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Flutter: Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Flutter Entertainment PLC (FLUT) on Thursday reported second-quarter profit of $105 million. On a per-share basis, the New York-based company said it had profit of 59 cents. Earnings, adjusted for amortization costs and non-recurring costs, were $2.95 per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.55 per share. The online gambling company posted revenue of $4.19 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $4.22 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on FLUT at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
