The wheat complex was mixed trade at the Tuesday close, with winter wheat contracts higher and spring wheat mixed. Chicago SRW futures were 1 to 2 cents higher on the day. KC HRW futures were up 6 to 7 cents in the nearbys. MPLS spring wheat saw fractionally mixed trade on Tuesday.
Another update to the Export Sales report from morning indicated 432,609 MT in wheat sales for the week of December 11. That was in the middle of the 300,000-600,000 MT of trade estimates and an improvement of 13.39% from the previous week.
CFTC data showed a total of 20,849 contracts added to the spec net short in Chicago futures and options as of December 16, taking the total net short to 66,918 contracts. In KC wheat, managed money added 8,702 contracts to their net short at 25,713 contracts as of last Tuesday.
The EU commission estimates the EU soft wheat export total from July 1 to December 21 at 10.8 MMT, shy of the 11 MMT from the same period last year.
Mar 26 CBOT Wheat closed at $5.17, up 1 1/2 cents,
May 26 CBOT Wheat closed at $5.27 1/4, up 1 cent,
Mar 26 KCBT Wheat closed at $5.28, up 6 3/4 cents,
May 26 KCBT Wheat closed at $5.40, up 6 cents,
Mar 26 MGEX Wheat closed at $5.80 1/4, up 1/4 cent,
May 26 MGEX Wheat closed at $5.90 1/4, down 1/4 cent,
