On Wednesday, the market was mixed. Chicago SRW March settled at $5.06/bu ($186/mt), down 0.6% from Tuesday. Kansas City HRW March rose to $5.08/bu ($186/mt), up 0.5%. Euronext wheat March settled at €185.25/mt ($217/mt), down 0.3%. Corn March climbed to $4.40/bu ($173/mt), up 0.9%.
Rainfall in Russia’s Rostov region in August-October was 30% below normal, the state-run RosAgrokhimsluzhba said. The agency said soil moisture in the 1-meter layer was low to very low across most fields, at less than 60 mm. Rostov is among Russia’s top three winter wheat-producing regions.
The USDA said China canceled a purchase of 132,000 mt of white wheat made in late November. The agency also reported exporters sold 198,000 mt of soybeans to China, 125,000 mt of soybeans to unknown destinations and 177,000 mt of corn to Mexico.
