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.
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,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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