The wheat complex is trading with higher action across most contracts on Friday. CBT soft red wheat futures are 1 to 2 cents higher. KC HRW futures are up 1 to 2 ¼. cents across the front months. MPLS spring wheat futures are showing fractional gains.
The FranceAgriMer estimates the country’s soft wheat crop at 27% planted as of 10/13, well above the pervious week.
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Algeria purchased a total of 400,000 MT of wheat in their recent tender.
Dec 25 CBOT Wheat is at $5.04 1/4, up 1 3/4 cents,
Mar 26 CBOT Wheat is at $5.20 3/4, up 2 cents,
Dec 25 KCBT Wheat is at $4.91, up 2 1/4 cents,
Mar 26 KCBT Wheat is at $5.10 3/4, up 1 3/4 cents,
Dec 25 MGEX Wheat is at $5.49 3/4, up 1/4 cent,
Mar 26 MGEX Wheat is at $5.69 1/2, up 1/2 cent,
