Wheat Joins in on Thursday Strength

The wheat complex joined in the on the gains across the grains on Thursday. CBT soft red wheat futures were 5 to 6 cents in the green on Thursday. KC HRW futures were up 3 to 4 cents on the day. MPLS spring wheat futures took back Wednesday weakness, with gains of 3 to 4 cents. 

Some spillover support from gains in the other grains was supportive to the wheat complex. 

Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.

 

Export Sales data was not released this morning due to the government shutdown. Saudi Arabia issued a tender for 420,000 MT of hard wheat, with offers due on Friday.

Dec 25 CBOT Wheat  closed at $5.14 3/4, up 5 1/2 cents,

Mar 26 CBOT Wheat  closed at $5.32 1/2, up 5 cents,

Dec 25 KCBT Wheat  closed at $4.99, up 3 1/2 cents,

Mar 26 KCBT Wheat  closed at $5.20, up 3 1/4 cents,

Dec 25 MGEX Wheat  closed at $5.61 1/2, up 3 1/2 cents,

Mar 26 MGEX Wheat  closed at $5.80 1/4, up 3 cents,