Wheat Mostly Lower for Veterans Day

Kansas City HRW futures tried to rebound on Veterans Day, closing with a 1 1/4 cent gain for upcoming Dec futures, however the other nearbys were mostly lower by as much as 2 ½ cents.. Chicago SRW dropped the most, down by 3 3/4 to 4 1/2 on the day. Minneapolis HRS finished the session down by as much as 4 cents in nearby contracts. The WASDE report contained cuts in Australian and US production, but other countries like the EU and Russia were increased enough to bump World Wheat ending stocks up to 288.28 MMT.

DEC 19 CBOT Wheat closed at $5.05 3/4, down 4 1/2 cents,

DEC 19 KCBT Wheat closed at $4.22 3/4, up 1 1/4 cents,

DEC 19 MGEX Wheat closed at $5.15 1/4, down 3 1/4 cents

-- provided by Brugler Marketing & Management

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