Wheat Market Steady to 3 Higher

Wheat Futures in Chicago are hovering near UNCH. Prices in KC HRW and MPLS HRS are 1/2 to 3 cents per bushel higher, with KC contracts the firmest of the two. Kansas City HRW futures tried to rebound on Veterans Day, closing with a 1 1/4 cent gain for upcoming Dec futures. Yesterday, 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 USDA Export Inspections and Crop Progress reports were delayed by the holiday until today. Trade ideas for wheat export inspections last week are in the 250-350,000 MT range. Canadian wheat harvest continues to drag on, with Alberta reporting 89.5% complete. They were 95% done a year ago at this time.

-- provided by Brugler Marketing & Management




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