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Wheat posted losses across the three markets on Wednesday ahead of the Holiday. Chicago SRW futures were down 1 to 9 1/2 cents in most contracts. KC HRW contracts were 13 to 14 1/4 cents lower on the session, with December falling 24 ¼ ahead of First Notice Day. MPLS spring wheat is down 10 to 13 cents. 

The government and markets will be closed on Thursday for Thanksgiving, with the latter having a hard open on Friday morning for a shortened session closing at 12:05 pm CST.

Prior to Friday morning’s Export Sales report, the trade is looking for 200,000 and 600,000 MT of wheat sales in the week of 11/21 according to a Reuters survey. 

Algeria’s Tuesday tender saw purchases of between 140,000 and 150,000 MT. Paris milling wheat futures faced some pressure on Wednesday. 

Dec 24 CBOT Wheat  closed at $5.37 3/4, down 1 3/4 cents,

Mar 25 CBOT Wheat  closed at $5.48 1/2, down 9 1/2 cents,

Dec 24 KCBT Wheat  closed at $5.26 1/4, down 24 1/4 cents,

Mar 25 KCBT Wheat  closed at $5.44 1/2, down 14 1/4 cents,

Dec 24 MGEX Wheat  closed at $5.64 1/2, down 13 cents,

Mar 25 MGEX Wheat  closed at $5.91 1/4, down 10 1/4 cents,


On the date of publication,

Austin Schroeder

did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy

here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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