The wheat complex was mostly higher trade at Friday’s close, as the winter wheat contracts try to form some sort of bottom. CBT soft red wheat futures were 1 to 2 cents higher, as December was 5 ¼ cents in the green this week. KC HRW futures were up 2 to 3 cents across the front months, with the lead December contracts up 8 ½ cents over last Friday. MPLS spring wheat futures posted steady to penny lower trade, as December was down 3 ¼ cents this week.
The FranceAgriMer estimates the country’s soft wheat crop at 27% planted as of 10/13, above the previous week. The Buenos Aires Grain Exchange estimates the Argentina wheat crop at 90% gd/ex, though noted a caution over colder weather next week. Their estimate for the crop stood at 22 MMT.
Algeria purchased a total of 400,000 MT of wheat in their recent tender. Ukraine wheat exports have totaled 5.6 MMT since July 1, down 21% from a year ago.
Dec 25 CBOT Wheat closed at $5.03 3/4, up 1 1/4 cents,
Mar 26 CBOT Wheat closed at $5.20 1/4, up 1 1/2 cents,
Dec 25 KCBT Wheat closed at $4.91 1/2, up 2 3/4 cents,
Mar 26 KCBT Wheat closed at $5.11, up 2 cents,
Dec 25 MGEX Wheat closed at $5.49 1/2, down 1 cent,
Mar 26 MGEX Wheat closed at $5.69 1/2, down 1/2 cent,
