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Wheat futures ended the day mostly lower on all three exchanges. CHI wheat contracts had the most support, closing with less than 2 cent losses in most contracts. USDA weekly export inspections through 9/11 were 545,621 MT, up about 13 thousand from the previous week. Shipments YTD are down 33% from last year. USDA is projecting a 24% drop for the year as a whole. The weekly crop progress report from the USDA showed the Spring wheat harvest progress getting closer to the 5yr average. The winter wheat crop is 12% planted, slightly ahead of the five year average for this date. The Saudis bought 610,000 MT of optional origin hard wheat for end of year delivery.
Dec 14 CBOT Wheat closed at $5.00 3/4, down 1 3/4 cents,
Dec 14 KCBT Wheat closed at $5.86 1/4, down 7 cents,
Dec 14 MGEX Wheat closed at $5.68 1/2, down 9 1/2 cents