Wheat Futures PricesTue, Oct 25th, 2016
Open Interest is for the previous day's trading session.
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Wheat futures are were 1 to 3 cents higher for KC and CBT contracts, but the MGE contracts were down as much as 2 1/2 cents after a bearish Monday. Egypt booked 240,000 MT of Romanian wheat, and 180,000 MT from Russia for Dec 1-10 delivery. Offers still contain a risk premium against erratic Egyptian inspection policies and Egypt trying to conserve FX. In an entertaining side note, Chinese Jan-Sep wheat imports have totaled 2.9 MMT. That is up 27% from the previous year.
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