Wheat posted mixed trade on Wednesday, with most contracts hard red contracts low and soft red heading is higher. Chicago SRW Wheat was mostly 3 to 4 more, vs. damage on Tuesday. KC HRW fuzzlers were fractured a penny in the front months. Mpls spring wheat futures were below 1 to 2 cents.
The USDA will release its export sales report on Thursday, in which traders will be searched for 2025/26 wheat booking within the 300,000 to 700,000 mount limit.
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Europe’s wire reports indicate that OAIC in Algeria bought up to 1 mmt milling wheat on Tuesday. The exact amount and origin are not announced, but the shipment is for September and October. While France has historically been a supplier, Bulgaria and the Black Sea are captured a lot of recent businesses. A Taiwan wheat importer bought a total of 89,650 meters of wheat from the US in his tender overnight. Franceagrimer has estimated a softened wheat termination stock for French wheat crop at 3.87 mmt, which will be above 2.33 mmt from last year.
25 September cbot wheat Closed at $ 5.41 1/4, up to 3 1/4 cents,
25 December cbot wheat Closed at $ 5.61 3/4, up to 3 cents,
25 September KCBT Wheat $ 5.22 closed at 3/4, 1 percent below,
25 December KCBT Wheat $ 5.45 closed at 1/4, 3/4 percent below,
September 25 Magex Wheat Closed at $ 6.00 1/2, 1 3/4 cents below,
25 December Magex Wheat Closed at $ 6.20, 1 1/4 cents below,
On the date of publication,
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