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On Tuesday, the wheat market experienced mixed results, with CBT soft red wheat futures increasing by 5 to 7 cents, while MPLS spring wheat futures fell by 1 to 3 cents. KC HRW futures gained 2 to 5 cents in nearby contracts. The market was influenced by reports of Chinese interest in U.S. wheat, although purchase confirmations were limited due to a government shutdown impacting Export Sales data.
EU wheat exports from July 1 to November 2 reached 8.03 million metric tons (MMT), a decrease of 0.29 MMT compared to the same period last year. Key closing prices included: Dec 25 CBOT Wheat at $5.50 1/4 (up 6 3/4 cents), Mar 26 CBOT Wheat at $5.62 3/4 (up 5 1/4 cents), and Dec 25 MGEX Wheat at $5.57 1/4 (down 1 1/4 cents).
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