The wheat complex closed with weakness across the three markets on Thursday. Chicago SRW futures were 4 ¼ to 4 3/4 cents lower across the board. KC HRW contracts were down 4 ¼ to 5 cents on the day. MPLS spring wheat closed with steady to 5 cent losses across the board on the session.
The weekly Export Sales report showed 290,236 MT of wheat sold in the week of 12/5, on the lower end of the estimates running between 275,000 and 600,000 MT. That was an 11-week low for sales and was down 23.27% from last week. Sales were spread out, with the Philippines buying 92,000 MT and Mexico in for 73,700 MT
Japan purchased a total of 112,889 MT of wheat from Australia, Canada, and the US, with 58,986 MT US specific. Saudi Arabia has issued a tender to buy 595,000 MT of wheat, with offered due on Friday.
Dec 24 CBOT Wheat closed at $5.38 3/4, down 4 3/4 cents,
Mar 25 CBOT Wheat closed at $5.58 1/2, down 4 3/4 cents,
Dec 24 KCBT Wheat closed at $5.46 1/4, down 3 cents,
Mar 25 KCBT Wheat closed at $5.62 3/4, down 4 1/2 cents,
Dec 24 MGEX Wheat closed at $5.82 1/4, unch,
Mar 25 MGEX Wheat closed at $6.02 1/2, down 4 1/2 cents,
On the date of publication,
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