The wheat advanced closed with features throughout the three exchanges on Thursday. Chicago SRW futures had been up 7 to 10 cents on the session. KC HRW contracts posted 8 ¼ to 10 ¼ cent features on the day. MPLS spring wheat was up 6 to 9 cents to shut the session.
The weekly Export Gross sales report confirmed 378,232 MT in all wheat gross sales within the week of 11/28, on the decrease finish of the commerce’s 250,000 and 550,000 MT estimates however up 3.12% from the earlier week. Mexico was the customer of 151,900 MT, with 136,000 MT bought to South Korea.
Census knowledge was up to date this morning, displaying all wheat shipments throughout October at 1.42 MMT (52.3 mbu). That was down 42% from September however up 37.76% from final yr and a 4-year excessive for the month.
Stats Canada knowledge confirmed the nation’s wheat manufacturing totaling 34.958 MMT, simply shy of the 35.04 MMT estimated however up 6.1% from final yr’s complete. Spring wheat was barely above the anticipated complete at 26.07 MMT.
Japan bought a complete of 111,405 MT of wheat of their weekly tender from the US, Australia, and Canada, with 56,945 MT US particular.
Dec 24 CBOT Wheat closed at $5.46 3/4, up 8 3/4 cents,
Mar 25 CBOT Wheat closed at $5.58 1/4, up 10 cents,
Dec 24 KCBT Wheat closed at $5.36, up 8 1/4 cents,
Mar 25 KCBT Wheat closed at $5.52 1/2, up 10 cents,
Dec 24 MGEX Wheat closed at $5.68 1/2, unch,
Mar 25 MGEX Wheat closed at $5.98 1/2, up 9 cents,
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions. For extra data please view the Barchart Disclosure Coverage
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