Wheat prices are looking to start Friday with another red day, leaving the SRW 25c in the red for the week and KC with new LoC lows. KC wheat fell nearly 2% by the end of Thursday’s trade, leaving the Dec contract 12 ½ cents in the red for the close. Chicago futures fell by 1.2% across the nearby, ending 7 cents weaker. MGE futures were also weaker, ending the session 0.8% to 1% lower.
The weekly wheat export sales were shown at 176,296 MT for the week that ended 11/9. That was a 17 week low and was below the range of pre-report estimates. By class, USDA reported 23k MT were HRW, 21k MT were SRW and 97k MT were HRS. The season’s wheat commitments were 11.89 MMT (437 mbu).
