Wheat Trying to Rebound on Thursday

Wheat futures are showing fractional to 2 cent gains in the winter wheat contracts on Thursday, with MPLS steady to 2 cents lower. USDA announced a private export sale of 130,000 MT of White Wheat to China for 19/20 delivery. Total wheat sales to China for the 19/20 MY previously were 60,000 MT as of 9/26. All wheat export sales were reported at 328,488 MT during the week that ended on 9/26. That was a 16% increase over the week prior but down 21.04% from the same week in 2018. To date, wheat export commitments by class show 37.8% of the total for HRW and 27.5% for HRS, with White wheat at 18.2% and SRW taking up 13% of the total.

DEC 19 CBOT Wheat is at $4.90 1/4, up 1 1/4 cents,

DEC 19 KCBT Wheat is at $4.06, up 1/4 cent,

DEC 19 MGEX Wheat is at $5.28, down 1 1/2 cents

---provided by Brugler Marketing & Management

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