Wheat Market Mixed on Thursday

Thursday, wheat was higher in Chicago as futures gained 1 3/4 to 2 3/4 cents. The average SRW cash price from cmdtyView was also higher on Thursday, up 2 3/4 cents to $5.7457/bu. KC wheat futures were firm to 1/4 of a cent lower. And MGE spring wheat futures ended 1/2 lower to 1/4 higher. Traders anticipate the day delayed Export Sales Report to have wheat bookings 300k-700k MT for the week ending 01/16. The country exported 21.8 MMT of wheat from July 1 to Jan 16 according to the Russian Ag Ministry. Japan bought 108,926 MT of Canadian and American wheat in the weekly MOA tender.

Mar 20 CBOT Wheat closed at $5.80 1/2, up 2 3/4 cents,

Mar 20 KCBT Wheat closed at $4.92 1/4, down 1/4 cent,

Mar 20 MGEX Wheat closed at $5.55 3/4, up 1/4 cent,

--- provided by Brugler Marketing & Management




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