Wheat futures are 1/2 to 2 cents lower in the Chicago and KC contracts this morning, with MPLS spring wheat mostly 1 cent higher than the Thursday close. They rounded out Thursday with minimal activity, both Dec HRW and HRS remaining unchanged, but SRW saw 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. 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.
---provided by Brugler Marketing & Management