Wheat Pushing Higher at Midday
The wheat market is showing midday gains across the three markets on Friday. Chicago SRW futures are up 4 to 5 1/2 cents so far on the session. KC HRW contracts closed are showing 3 to 4 cent gains across nearbys. MPLS spring wheat futures are 1 to 3 cents in the green on the day.
The delayed Export Sales report indicated a total of 612,408 MT in wheat sales during the week of 12/19, exceeding the trade estimates of 250,000 to 600,000 MT. That was the largest sales total in 25 weeks and 33.73% larger than the previous week. Mexico was the buyer of 132,400 MT
Mar 25 CBOT Wheat is at $5.46 1/2, up 5 1/2 cents,
May 25 CBOT Wheat is at $5.56 1/2, up 4 1/2 cents,
Mar 25 KCBT Wheat is at $5.54 3/4, up 3 1/4 cents,
May 25 KCBT Wheat is at $5.63, up 3 1/2 cents,
Mar 25 MGEX Wheat is at $5.96 1/2, up 2 1/2 cents,
May 25 MGEX Wheat is at $6.03 1/4, up 1 cent,
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. More news from Barchart