CHICAGO: Wheat futures on the Chicago Board of Trade closed narrowly mixed on Monday, with the spot December contract ending higher on technical buying and spillover strength from soy and corn, traders said.
CBOT December wheat settled up 3/4 cent at $4.04 per bushel.
K.C. December hard red winter wheat and MGEX December spring wheat both closed fractionally lower.
Ahead of the US Department of Agriculture's weekly crop progress report, analysts surveyed by Reuters expected the government to report US winter wheat planting progress at 15 percent, up from 6 percent a week ago.
The USDA reported export inspections of US wheat in the latest week at 562,215 tonnes, in line with trade expectations for 450,000 to 650,000 tonnes.
Egypt's state grain buyer, the General Authority for Supply Commodities, canceled an international wheat tender it had announced on Sunday, citing a lack of offers.
Russian wheat export prices fell for the fourth week amid a continued standoff between Moscow and Egypt, the world's largest buyer, after Cairo banned wheat with any ergot, a common grain fungus, analysts said.
Comments
Comments are closed for this article.