Wheat Market Sees Downturn, Export Activity Surges

Wheat market sees downturn, with Chicago SRW futures mostly steady and Kansas City HRW futures falling by two to four cents. No new deliveries against December CBOT wheat, but sixty-six against December Kansas City wheat. Traders await export sales data for the week ending October thirty-first. South Korea and Algeria make significant wheat purchases, influencing global prices. Canadian wheat production estimated at thirty-eight point four nine million metric tons. Upcoming reports from Statistics Canada provide crucial supply insights. Market remains dynamic with significant export activity and production reports on the horizon.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.