Wheat Closes Mixed, as Winter Wheat Leads the Bulls

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.

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USDA’s Export Sales report will not be reported for the 6^th 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,

Dec 25 KCBT Wheat  closed at $5.40, up 3 1/2 cents,

Mar 26 KCBT Wheat  closed at $5.53 1/2, up 4 1/2 cents,

Dec 25 MGEX Wheat  closed at $5.56 1/4, down 1 cent,

Mar 26 MGEX Wheat  closed at $5.74 1/4, down 1 cents,