Wheat Mixed Ahead of Weekend

Wheat futures are mixed at Friday’s midday. Winter wheat gained on the week, Chicago finished with a 24.3 cent gain and KC improved 13 cents over last week. MPLS finished Friday down by 7 1/2 cents, pushing it to 5.8 cents lower on the week. The export sales report indicated 395,122 MT of sales for the week ending 10/10; traders anticipated 250,000-500,000 MT. Chicago HRW net sales increased 8.17% over last week, and were 440.32% higher than the same week a year ago. HRW had a 41.6% share of the export sales, while Minneapolis HRS held a 36.9% share. The USDA reported 34,787 MT of SRW net export sales for the week ending 10/10, which was 8.8% of all wheat. All wheat accumulated exports are up to 9.437 MMT for the MY 26.88% ahead of last year’s pace and already 38.95% of the 2018/19 MY total.

DEC 19 CBOT Wheat closed at $5.32 1/4, up 6 3/4 cents,

DEC 19 KCBT Wheat closed at $4.33 3/4, up 2 1/2 cents,

DEC 19 MGEX Wheat closed at $5.44 1/2, down 7 1/2 cents

--provided by Brugler Marketing & Management




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