Wheat Trading Higher at Midday
Wheat futures saw mild gains on Thursday, with CBOT soft red wheat steady to 2 cents higher, KC HRW up 2–4 cents, and MGEX spring wheat rising 2–4 cents. Export sales for the week of Sept. 25 totaled 315,875 MT, a three-week low. Expana raised the EU crop estimate to 136.8 MMT, while FranceAgriMer pegged French ending stocks at 2.83 MMT. December CBOT traded at $5.38, KC at $5.28¼, and MGEX at $5.73¼.
The wheat complex is showing slight strength on Thursday. CBT soft red wheat futures saw steady trade in nearby December, are steady to 2 cents higher across most contracts on Thursday. KC HRW futures are 2 to 4 cents in the green so far on Thursday. MPLS spring wheat futures are up 2 to 4 cents at midday.
Delayed export sales data for the week of 9/25 showed 315,875 MT of wheat sold in that week, a 3-week low at the time.Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Expana estimates the EU wheat crop at 136.8 MMT, up 0.4 MMT from last month. The French wheat ending stocks estimate from FranceAgriMer was 2.83 MMT
Dec 25 CBOT Wheat is at $5.38, up 2 cents,
Mar 26 CBOT Wheat is at $5.54, up 1 1/2 cents,
Dec 25 KCBT Wheat is at $5.28 1/4, up 2 3/4 cents,
Mar 26 KCBT Wheat is at $5.45 1/4, up 3 1/2 cents,
Dec 25 MGEX Wheat is at $5.73 1/4, up 3 1/2 cents,
Mar 26 MGEX Wheat is at $5.86 1/2, up 2 1/4 cents.
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Source : Nasdaq.com
