Monday Wheat Futures Posted Gains

Wheat futures came back down from midday gains, but still managed to finish mostly in the black. Chicago wheat lead the way posting a daily gain of 4 1/2 cents, with KC wheat futures closely behind gaining 1 1/2 cents on the day. Minneapolis HRS wheat futures saw some fractional losses at the close. Export inspections for all wheat, were updated by the USDA this morning. The weekly update for the week ending 11/14 showed 449,304 MT, which was lower than last week’s 539,724 MT. The same week last year saw 509,900 MT. The updated accumulated wheat exports are now 11.920 MMT, which is 21.39% above last year’s pace. The weekly exports were mostly soft white, which was 144,548 MT. White wheat composed 34.62% of the weekly inspections. HRS’s share was 21.74%, HRW held a 20.77% share, and SRW wheat encompassed 18.51% of the weekly export inspections. Winter wheat planting was 95% completed, matching the average pace.

DEC 19 CBOT Wheat closed at $5.07 1/4, up 4 1/2 cents,

DEC 19 KCBT Wheat closed at $4.18 1/2, up 1 1/2 cents,

DEC 19 MGEX Wheat closed at $5.03 1/4, down 1/2 cent

-- provided by Brugler Marketing & Management




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