Wheat Mixed on Wednesday

Wheat Mixed on Wednesday

Wheat futures closed Wednesday mixed, with Chicago wheat futures steady to fractionally higher in most contracts. Kansas City contracts saw 1-3 cent gains, as Spring wheat futures contracts saw losses at Wednesday’s close. Trade estimates prior to USDA’s monthly update show World carryout as being trimmed by 1.34 MMT to 285.17 MMT on average. Analysts are expecting a total of 300,000-600,000 MT in US wheat export sales for the week that ended on October 3. In a tender closing on Thursday, Japan’s MOA is seeking a total of 114,012 MT from the US and Canada, with 60,052 MT US specific.

DEC 19 CBOT Wheat closed at $5.00 1/4, unch,

DEC 19 KCBT Wheat closed at $4.13 1/4, up 3 cents,

DEC 19 MGEX Wheat closed at $5.41 3/4, down 1 3/4 cents

--provided by Brugler Marketing & Management

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