Wheat Market Trading Mixed Ahead of Export Sales
BRUG - Thu Aug 22, 7:26AM CDT

Wheat futures steady to 2 cents higher in the hard wheat markets this morning, and fractionally lower in Chicago SRW. They also finished mixed on Wednesday. CBOT closed higher by 2 1/2 cents, KCBT was down 1/2 cent, and MGEX ended 1 3/4 cents lower. Preliminary open interest rose 2,998 contracts in Chicago on the higher trade. This morning’s Export Sales report is expected to show 300,000-500,000 MT of wheat booked in the week that ended on August 15. US SRW FOB prices are uncompetitive on the world market. US SRW FOB prices are $203.26/MT vs. French at $182.59/MT and US HRW @ $173.06/MT.

--- provided by Brugler Marketing & Management

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