Wheat is starting the fresh week with gains across most winter wheat contracts, as spring wheat is on the lower side of unchanged. The wheat market was in rally mode on Friday, with spring wheat joining in with slightly higher movement. CBT prices were 12 to 13 cents higher across most nearbys, with September up 1 1/4 cents. KC contracts were 11 to 12 cents in the green, as Sep was up 4 ¾. MPLS spring wheat was fractionally higher, as September fell 18 ¼ cents. The dollar index was weaker to provide some support.
Bangladesh has signed a memorandum of understanding to purchase 700,000 MT of US wheat on an annual basis over the next 5 years. The total exports from the US to Bangladesh over the last 5 years combined is 648,567 MT
