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Wheat futures settled with mostly fractionally mixed prices on Wednesday. Nearby Dec15 CHI wheat was a nickel lower, but Dec15 MPLS wheat was a nickel higher. Unofficial reports have stated that, because of the Turkish shooting of a Russian jet, all Russian wheat exports to Turkey are indefinitely suspended. Turkey is the second largest importer of Russian wheat, behind Egypt. Wednesday morning, Egypt purchased 240,000 MT of French (120,000 MT), Russian (60,000 MT) and Romanian (60,000 MT) wheat for Dec 21-31 delivery at an average price of $205.74/ton. No US wheat was offered in that tender.
Dec 15 CBOT Wheat settled at $4.79 1/4, down 5 cents,
Dec 15 KCBT Wheat settled at $4.57 1/4, down 1/4 cent,
Dec 15 MGEX Wheat settled at $5.14 1/2, up 5 cents