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On Thursday, wheat futures showed mixed results, with winter wheat contracts experiencing gains while spring wheat fell. December CBOT wheat closed at $5.02½, an increase of 3¾ cents, while December MGEX wheat lost 1½ cents, settling at $5.50½. Kansas City HRW futures also saw modest gains.
The USDA will withhold its weekly Export Sales report this week due to a government shutdown, with anticipated wheat sales ranging from 300,000 to 650,000 MT for the week of October 9. Furthermore, the upcoming week is expected to bring a drier pattern to the Southern Plains, which may facilitate continued planting but limits soil moisture as winter approaches.
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