CBOT wheat futures mixed

29 Jun, 2019

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 am. CDT (1600 GMT).

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