Wheat Mixed on Thursday
The wheat complex shows mixed trading on Thursday. Chicago SRW futures are up, while KC HRW contracts decline, and MPLS spring wheat experiences slight losses. Weekly export sales reached 532,885 MT, a 5.71% increase, with Mexico as the top buyer at 169,600 MT. Current futures prices: CBOT Dec wheat at $5.80¾, KCBT Dec at $5.84¼, MGEX Dec at $6.14¾.
The wheat complex is showing mixed trade across the three markets on Thursday. Chicago SRW futures are 1 to 2 cents higher on the day. KC HRW contracts are down 1 to 2 cents on the session. MPLS spring wheat is trading with fractional to 1 cent losses.
Weekly Export Sales data was out this morning, with export bookings for wheat at 532,885 MT, up 5.71% from last week and in the higher side of the trade estimates of 350,000 to 650,000 MT. The top buyer was Mexico of 169,600 MT, with South Korea purchasing 86,000 MT and unknown destinations in for 80,500 MT.
Dec 24 CBOT Wheat is at $5.80 3/4, up 2 1/4 cents,
Mar 25 CBOT Wheat is at $6.00, up 1 3/4 cents,
Dec 24 KCBT Wheat is at $5.84 1/4, down 1 1/4 cents,
Mar 25 KCBT Wheat is at $5.98 3/4, down 1 1/2 cents,
Dec 24 MGEX Wheat is at $6.14 3/4, down 3/4 cent.
Source Link : https://www.nasdaq.com/articles/wheat-mixed-thursday-0
Recommended for you
