Wheat Mixed, Some Double Digit Losses

Winter Wheat futures were lower, however MGE HRS wheat futures continued to go up on the day. Chicago wheat was lower by 7 to 12 3/4 cents, with the worst losses in the soon to be expired December and the March contracts. Nearby Kansas City wheat was also double digits lower in the December contract. Dec futures were 14 3/4 cents lower, but the other months were only 2 1/2 to 3 cents lower. MGE HRS wheat made gains from 2 3/4 to 4 1/2 cents. Thailand issued an international tender for 120,000 MT of feed wheat. Japan has issued a regular Ministry of Ag wheat weekly tender. The country is looking for 160,640 MT of wheat with March delivery. Egypt purchased 295,000 MT of Russian wheat in their tender.

Dec 19 CBOT Wheat closed at $5.30 1/2, down 12 3/4 cents,

Dec 19 KCBT Wheat closed at $4.22 1/2, down 14 3/4 cents,

Dec 19 MGEX Wheat closed at $4.94, up 4 1/2 cents,

--- provided by Brugler Marketing & Management




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