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On Friday, the wheat market experienced mixed performance. Chicago Board of Trade (CBOT) soft red wheat futures fell between 7 to 8 cents, with December closing down 6 ¼ cents, while Kansas City Hard Red Winter (KC HRW) futures saw losses of 3 to 5 cents, with December down 5 ¼ cents. In contrast, Minneapolis Grain Exchange (MGEX) spring wheat futures closed steady to up by a penny, ultimately gaining a nickel for the week.
A South Korean mill importer acquired 50,000 metric tons of U.S. wheat. In Europe, 79% of French soft wheat is now planted, marking an 11-point increase from the previous week, while durum wheat is at 23% planted. In Argentina, the wheat harvest is approximately 11.6% complete.
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