Wheat Show Little Change on Thursday

Wheat futures round out Thursday with minimal activity, both Dec HRW and HRS remaining unchanged, but SRW sees a slight drop of 1/4 cent. 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. Export commitments for wheat are now 14.4% larger than this time a year ago at 474 mbu. To date, 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 closed at $4.88 3/4, down 1/4 cent,

DEC 19 KCBT Wheat closed at $4.05 3/4, unch,

DEC 19 MGEX Wheat closed at $5.29 1/2, unch,

---provided by Brugler Marketing & Management




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