CBOT wheat lifts amid export market uncertainty
- Russia will more than double its output of durum wheat, used in the production of pasta and couscous, to 1.8 million tonnes by 2025, its agriculture ministry said.
CHICAGO: U.S. wheat futures rose Thursday, following the soybean markets higher and supported by a weaker U.S. dollar, traders said.
CBOT March soft red winter wheat settled up 12-3/4 cents at $6.29-3/4 per bushel.
K.C. March hard red winter wheat ended 8-3/4 cents higher at $5.88 per bushel and MGEX March spring wheat added 8-1/2 cents to settle at $5.80 per bushel.
Jordan is seeking 120,000 tonnes of wheat in an international tender which closed on Wednesday, traders said.
The U.S. sold 393,700 tonnes of 2020/2021 wheat for export in the week ending December 17, down 27 percent from the previous week and 34 percent from the prior 4-week average.
Trade estimates were 300,000-500,000 tonnes.
Russia will more than double its output of durum wheat, used in the production of pasta and couscous, to 1.8 million tonnes by 2025, its agriculture ministry said.
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