Agricultural Commodities prices were mixed on Thursday, as traders continue to square positions ahead of Friday’s World Agricultural Supply and Demand Estimates (WASDE) report.
In weather space, according to the latest 72-hour cumulative precipitation map from NOAA, temperatures across the central U.S. will turn gradually colder soon, with daytime highs dropping 20 degrees or more below normal by early next week.
CBOT Wheat December futures fell on Thursday session on a round of technical selling and finished at 5.12 USD per bushel. Prices were lower on today’s session and are currently at 5.0975 USD per bushel at 08:00 GMT.
Wheat export sales improved last week but remain low, at 13.3 million bushels, falling below trade estimates of 17.5 million bushels, with the rate needed to match USDA forecasts holding steady at 13.4 million bushels. Export shipments of 15.4 million bushels didn’t fare much better.
Preliminary volume estimates were 134,079 CBOT contracts, higher than Wednesday’s final count of 109,432.
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