The wheat complex closed Thursday with the three major exchanges holding higher. CBT soft red wheat futures were up 1 to 2 cents to close out the day. KC HRW futures posted 2 to 3 cent gains on Thursday. MPLS spring wheat saw some mixed trade, with September down ¾ cent and Decembre up a penny.
USDA’s Export Sales total from this morning showed a total of 519,752 MT in wheat bookings in the week ending on August 14. That was a 5-week low, down 28.1% from last week, but still 5.5% above last year in the same week. The lead buyer was Mexico at 119,500 MT, with 90,500 MT sold to South Korea.
