
Wheat Continues Higher on Thursday

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Wheat prices rose on Thursday, with Chicago SRW futures up to 4 ¾ cents, KC HRW futures increasing by 11 to 17 1/4 cents, and MPLS spring wheat gaining 10 1/4 to 12 3/4 cents. Export sales data showed 100,318 MT of old crop wheat sold, down 38.68% from last week but up 31.14% year-on-year. Notable buyers included Nigeria and Vietnam. New crop sales totaled 131,000 MT, with South Korea and Mexico as buyers. Taiwan issued a tender for 105,950 MT of US wheat, while Algeria purchased 400,000 MT of durum wheat.
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