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Wheat Closes Mixed on Thursday, as USDA Trims Output

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Wheat futures were marginally mixed on Thursday, with Chicago SRW down fractionally to 4 cents while hard red contracts firmed. KC HRW led gains, rising 3/4 to 4 cents in front-month contracts, and Minneapolis spring wheat was also higher. The move reflects routine interclass spread action rather than a major fundamental shift.

Analysis

Wheat futures were marginally mixed on Thursday, with Chicago SRW down fractionally to 4 cents while hard red contracts firmed. KC HRW led gains, rising 3/4 to 4 cents in front-month contracts, and Minneapolis spring wheat was also higher. The move reflects routine interclass spread action rather than a major fundamental shift.

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