Wheat is starting December with weakness across most contracts. The wheat complex saw mixed trade on Friday’s short session. Chicago SRW futures saw mixed action with front months withing 2 cents of unchanged, as December was up 4 cents last week. KC HRW futures were mixed, with December up ½ cent and March 2 ½ cents lower, as the former was up 6 ¾ cents last week. MPLS spring wheat was up 2 ¾ cents in the December contracts, which was up 14 ¼ cents on the week, with other contracts down fractionally lower on the day. There were no deliveries issued against December CBT wheat Friday night, with another 2 against December KC wheat.
Delayed Export Sales data for the week of October 16 was out last Friday, with a total of 341,306 MT of wheat sold. That was a 3-week low.
