Wheat futures closed Thursday with most contracts 6 to 7 cents lower. Weakness comes as the US was left out of the Egyptian tender on Wednesday, mainly due to a freight disadvantage. A higher US dollar and general selling in the grain complex also added pressure. Outside of actual shipping data (Export Inspections report) we will not have an update to any Export Sales data until the government is back open. A South Korean importer purchased 65,000 MT of optional origin wheat in a tender on Wednesday. The EU awarded 718,000 MT of wheat imports under their import quota.
Mar 19 CBOT Wheat closed at $5.13 3/4, down 6 1/4 cents,
Mar 19 KCBT Wheat closed at $4.98 3/4, down 6 3/4 cents,
Mar 19 MGEX Wheat closed at $5.64, down 6 1/2 cents
--provided by Brugler Marketing & Management