Wheat Market Mixed, Export Sales Low, Europe & Argentina Boost Crop Estimates

Wheat market sees mixed trading, with Chicago soft red winter wheat futures mostly unchanged, Kansas City hard red winter wheat up by half a cent, and Minneapolis spring wheats December contract rising by nearly three cents. Export sales data for mid-October showed lower-than-expected sales, with estimates for Mondays data ranging between three hundred and fifty thousand and six hundred and fifty thousand metric tons. In Europe, FranceAgriMer reports ninety-eight percent of the French wheat crop planted, with crop conditions slightly dipping to ninety-seven percent good or excellent. The European Commission increased EUs wheat production estimates by nearly one million metric tons to one hundred and thirty-four point two million metric tons. Argentinas Buenos Aires Grains Exchange raised its wheat crop estimate by one point five million metric tons to twenty-five point five million metric tons, indicating a more robust harvest.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.