CHICAGO: Chicago Board of Trade (CBOT) wheat futures closed mixed on Thursday as warmer, drier weather in the US Plains was seen accelerating winter crop maturity and harvesting and as traders squared positions ahead of key government crop data due on Friday, traders said.
Concerns about crop-stressing heat in Europe and strong US wheat export sales data limited declines.
CBOT September soft red winter wheat ended up 1/4 cent at $5.46-3/4 a bushel, after earlier touching a 7-1/2 month high.
K.C. September hard red winter wheat ended down 1/2 cent at $4.81-1/2 a bushel and MGEX September spring wheat rose 2 cents to $5.61-1/2 a bushel.
Traders are squaring positions ahead of the upcoming G20 summit and the US Department of Agriculture's (USDA) US acreage and quarterly stocks reports due on Friday at 11 a.m. CDT (1600 GMT).
The USDA reported export sales of US wheat in the week to June 20 at 612,000 tonnes, topping a range of trade expectations.
Saudi Arabia's main state wheat buying agency issued an international tender to purchase 715,000 tonnes of wheat.
The International Grains Council raised its forecast for 2019/20 world wheat production by 3 million tonnes in a monthly report, to 769 million tonnes.
Traders and analysts are not expecting deliveries against CBOT July soft red winter wheat futures on Friday, the first notice day.
They also expect zero to 200 deliveries against K.C. July hard red winter wheat futures.
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