Wheat Dec '19 (ZWZ19)
Wheat Futures Market News and Commentary
Nearby wheat futures remained lower through Thursday, with Chicago SRW noticing the biggest losses of 1 1/4 to 3 cents. Kansas City HRW wheat futures closed with losses of 1 1/4 to 2 1/2 cents. MLPS had some firmness in further out contracts, but still saw losses of 2 to 2 1/2 cents in the front months. Analysts expect USDA to show 200,000-500,000 MT in US wheat export sales for the week that ended on 11/7. Rosario Grain Exchange lowered the expected Argentinean wheat production to 19 MMT. Egypt purchased a total of 465,000 MT of wheat with 120,000 MT from Ukraine and 345,000 MT from Russia for January 5-15 delivery. Dec Milling Wheat futures on the EU commodities exchange (MATIF) were firm as open interest steadily falls (down 18.65% since beginning of Nov).
DEC 19 CBOT Wheat closed at $5.07 3/4, down 1 1/4 cents,
DEC 19 KCBT Wheat closed at $4.22 1/4, down 2 1/2 cents,
DEC 19 MGEX Wheat closed at $5.12 3/4, down 2 1/2 cents
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