Wheat Mixed on Wednesday

Wheat futures are showing mixed trade in most contracts on Wednesday. KC is steady to a penny higher, with CBT down 1 to 3 1/4 cents. MPLS is 1 to 5 cents lower at midday. Ahead of USDA’s Export Sales update on Thursday, traders are expecting old crop wheat activity will be anywhere from net reductions of 100,000 MT to sales of 200,000 MT. That was for the week of May 16, with new crop sales seen at 100,000-500,000 MT.

Jul 19 CBOT Wheat closed at $4.75 1/2, down 3 1/4 cents,

Jul 19 KCBT Wheat closed at $4.36, unch,

Jul 19 MGEX Wheat closed at $5.42, down 1 cent

--provided by Brugler Marketing & Management




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