Wheat is trading with slight gains across the front months on Thursday morning. The wheat market closed with gains on the Wednesday session. CBT soft red wheat futures saw 3 to 4 cent gains on Wednesday. KC HRW futures were 2 to 3 ½ cents higher at the close. MPLS spring wheat futures closed with 2 to 3 cent gains on the session
USDA will not be publishing their weekly Export Sales report on Thursday due to the continued government shutdown. Still, traders are looking for between 350,000 and 650,000 MT of wheat was sold in the week ending on 10/16.
Algeria purchased an estimated 500,000 to 600,000 MT of wheat in their tender on Wednesday, with expected origins out of the Black Sea or Argentina.
Dec 25 CBOT Wheat closed at $5.03 3/4, up 3 1/2 cents, currently up 3/4 cent
Mar 26 CBOT Wheat closed at $5.19 1/2, up 3 cents, currently up 1 cent
Dec 25 KCBT Wheat closed at $4.88 1/2, up 3 1/2 cents, currently up 2 1/4 cents
Mar 26 KCBT Wheat closed at $5.07 1/4, up 2 1/4 cents, currently up 1 3/4 cents
Dec 25 MGEX Wheat closed at $5.48 3/4, up 3 cents, currently up 1 cent
Mar 26 MGEX Wheat closed at $5.68 3/4, up 2 1/2 cents, currently up 3/4 cent
