Market Overview

Wheat Futures Steady

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December Chicago Wheat is trading at 404 1/2, down 1/4 of a cent/bushel. March Chicago Wheat is trading at 422, down 3/4 of a cent/bushel. December Kansas City Wheat is trading at 408, down 3/4 of a cent/bushel.

Wheat futures are trading rangebound early in the session.

The USDA reported on Thursday that wheat export sales for 2016 to 2017 as of November 3rd are now 64.3 percent of the agency forecast versus the five year average of 61.7 percent.

The Buenos Aires Grain Exchange has estimated that Argentina's wheat harvest is about 9.3 percent done, the nation's wheat production was left unchanged at 12.5 million tonnes.

Posted-In: Wheat futuresFutures Commodities Markets

 

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