Wheat futures are currently 1 1/2 lower to as much as 3/4 cents higher, with MPLS spring wheat the firmest class this morning. They were steady to 4 cents higher in most contracts on Wednesday. KC saw fractional losses in the back months. Taiwan bought 111,650 MT of US wheat in their recent tender on Wednesday. Egypt’s GASC purchased 415,000 MT of Russian wheat on Wednesday, with 295,000 MT for Feb 20-28 delivery and 120,000 MT for March 1-10 delivery. Algeria purchased 550,000 MT of optional origin wheat in a tender that closed on Tuesday. French 18/19 exports outside of the EU are now projected at 8.7 MMT by FranceAgriMer, down 0.1 MMT from last month.
--provided by Brugler Marketing & Management