Strength is being recorded in the wheat complex on Friday afternoon. CBT soft red wheat futures are 5 to 6 cents in the green at noon. Casey HRW futures are 5 to 8 cents higher on Friday. MPLS spring wheat futures for next months are up 2 to 4 cents at noon.
Much of the wheat across the US is expected to dry up next week.
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The European Commission increased its total wheat production by 0.8 MMT to 133.4 MMT. The ending stock was left at 10.8 MMT. FranceAgrimer estimates the country’s winter wheat crop is 67% planted as of 10/27, up 11 percentage points from the previous week. A South Korean mill importer bought 40,300 metric tons of Canadian wheat in its tender on Friday.
25 December CBOT Wheat $5.30 is at 1/4, up 6 cents,
26 March CBOT Wheat $5.45 is at 3/4, up 5 1/4 cents,
25 December KCBT Wheat is at $5.20 1/4, up 7 1/4 cents,
March 26 KCBT Wheat $5.34 is at 3/4, up 5 3/4 cents,
25 Dec MGEX Wheat $5.53 is at 3/4, up 3 1/4 cents,
March 26 MGEX Wheat is at $5.73 1/2, up 2 3/4 cents,
On the date of publication, Austin Schroeder did not have (directly or indirectly) any positions in any securities mentioned in this article. All information and data in this article is for informational purposes only. Please see the Barchart Disclosure Policy here for more information.
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