Wheat futures are up by 2 to 7 cents across the front months of all classes so far this morning. Front month KC wheat futures printed a 12 cent range, from -3 to +9 cents on Thursday. The board ended mid-range on 2 to 3 1/2 cent front month gains and have March at a 22 cent gain for the week to date. The Chicago wheat market ended the session 3 3/4 to 5 1/2 cents weaker. Spring wheats closed 5 1/2 to 8 cents in the red, leaving March at a 12 3/4 cent gain week-to-date. Â
FAS data showed 334,207 MT of wheat was sold during the week that ended 12/15. Unknown destinations were the top buyer, with 66k MT for Japan. The export shipments for the week totaled 235k MT for a 10.24 MMT yearly total. FAS data had 14.444 MMT of commitments for the season. Of that, HRS commitments were 30.4% of the total, followed by 28% for HRW.Â
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Mar 23 CBOT Wheat  closed at $7.62 1/4, down 5 1/2 cents, currently up 7 cents
May 23 CBOT Wheat  closed at $7.69 3/4, down 5 1/2 cents, currently up 6 cents
Cash SRW Wheat  was $7.03 7/8 on Thursday, down 5 1/2 cents,
Mar 23 KCBT Wheat  closed at $8.66, up 2 cents, currently up 6 cents
Cash HRW Wheat  was $8.30 ½ on Thursday, up 2 cents,
Mar 23 MGEX Wheat  closed at $9.22 1/4, down 5 1/2 cents, currently up 2 1/2 cents
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
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