The wheat market is showing mixed action on Wednesday. CBT soft red wheat futures are fractionally to a penny higher. KC HRW futures are slipping back, down 2 to 3 cents. MPLS spring wheat futures are up 1 to 2 cents.
The weekly USDA Export Sales data is expected to show between 300,000 MT and 600,000 MT of wheat sales in the week ending on September 18.
Algeria purchased nearly 600,000 MT wheat in a tender on Tuesday. South Korean mills purchased a total of 50,000 MT of wheat for import from the US overnight.
Dec 25 CBOT Wheat is at $5.21 1/2, up 1 cent,
Mar 26 CBOT Wheat is at $5.39 1/2, up 1/2 cent,
Dec 25 KCBT Wheat is at $5.08 1/2, down 3 cents,
Mar 26 KCBT Wheat is at $5.30, down 2 1/2 cents,
Dec 25 MGEX Wheat is at $5.69 1/2, up 1 3/4 cents,
Mar 26 MGEX Wheat is at $5.89 1/2, up 1 3/4 cents,
