Wheat Holds Gains through Close

Wheat futures came back down from midday gains, but still closed the Turnaround Tuesday session in the black. CBT wheat was up 3/4 to 3 1/4 cents at the close. KC HRW futures ended the day 4 to 4 1/2 cents higher. HRS futures ended the Turnaround Tuesday session with 2 1/2 to 6 cent gains. Black Sea dryness left FOB prices $4.75 higher to $235.50 as 2020/21 planting is underway. Taiwan issued a tender for 91,300 MT of U.S. wheat with results expected tomorrow. Egypt’s international wheat tender was filled with 405,000 MT of Russian sourced wheat. South Korea’s MFG passed on offers for 70,000 MT of feed wheat.

Dec 20 CBOT Wheat closed at $5.58, up 3 1/4 cents,

Dec 20 KCBT Wheat closed at $4.91 3/4, up 4 1/2 cents,

Dec 20 MGEX Wheat closed at $5.39 3/4, up 5 cents,

--- provided by Brugler Marketing & Management




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