Wheat Market Trading in Black

Domestic wheat futures are posting midday gains to start the new month of trading. SRW futures are up 3 1/4 to 6 1/2 with gains shrinking through the back months. KC futures are 6 3/4 to 9 1/2 cents stronger at midday. MPLS wheat is up 1 3/4 to 2 1/2 cents. Wheat exports were 287,059 MT for the week ending 10/29. That was down from 399.6k MT LW, and 2.4% below the same week last year. The top destination was S. Korea with 82,602 MT. China sold 2.699 MMT of wheat from state reserves, citing its competitiveness as a corn feed substitute given historically high corn prices.

Dec 20 CBOT Wheat is at $6.04 3/4, up 6 1/4 cents,

Dec 20 KCBT Wheat is at $5.50 3/4, up 9 1/2 cents,

Dec 20 MGEX Wheat is at $5.54 3/4, up 2 1/2 cents,

--- provided by Brugler Marketing & Management




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