The wheat market saw mixed action on Wednesday with contracts tallying in the winter wheats. CBT soft red wheat futures were up 4 to 6 cents at the close. KC HRW futures saw gains of 3 to 5 cents across most contracts. MPLS spring wheat futures closed the Wednesday session with contracts down a penny.
The next 7 days is looking for a relatively dry pattern across much of the country, with parts of the ECB with a little precip.
USDA’s Export Sales report will not be reported for the 6th week in a row, as the government shutdown enters record length. Traders are still estimating that exporters sold between 250,000 and 650,000 MT wheat in the week of 10/30.
Dec 25 CBOT Wheat closed at $5.54 3/4, up 4 1/2 cents,
Mar 26 CBOT Wheat closed at $5.68, up 5 1/4 cents
