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Markets

CBOT wheat ends firm on position squaring ahead of USDA report

CHICAGO: Chicago Board of Trade (CBOT) wheat futures climbed for a second straight session on Thursday, lifted by te

August 09, 2019

CHICAGO: Chicago Board of Trade (CBOT) wheat futures climbed for a second straight session on Thursday, lifted by technical buying and spread trading as some index funds rolled positions forward as part of the five-day "Goldman roll" period.

* CBOT September soft red winter wheat ended 1 cent higher at $4.99-1/2 per bushel. The contract rose 1.9% in the week in its first weekly gain in a month.

* K.C. September hard red winter wheat fell 1-1/2 cents to $4.17 a bushel, and MGEX September spring wheat fell 3/4 cent to $5.19-3/4.

* Traders squared positions ahead of next week's US Department of Agriculture (USDA) supply-and-demand report.

* The French soft wheat harvest was 98% complete by Aug. 5 compared with 87% a week earlier, farm office FranceAgriMer said.

Copyright Reuters, 2019