Market Overview

Wheat Futures Little Higher

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March Chicago Wheat is trading at 403 1/4, up 1/2 of a cent/bushel. May Chicago Wheat is trading at 417 1/4, up 1 3/4 cents/bushel. March Kansas City Wheat is trading at 411, up 3/4 of a cent/bushel.

Wheat futures are trading rangebound after Wednesday's soft trading session. Market chatter about overseas wheat prices and global wheat supplies is making the rounds.

Street estimates for Australia's wheat production are near 31.5 million tonnes. A record harvest for Australia.

The USDA weekly export sales report is due out at 8:30 a.m. ET.

Posted-In: Wheat futuresFutures Commodities Markets

 

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