Soft red winter wheat futures at the Chicago Board of Trade were mixed early on Wednesday in choppy trading, pit sources said.
At 10:40 am CDT (1540 GMT), wheat was 1/2 cent per bushel lower to 3/4 cent higher. O'Connor and Co sold 400 December. Some spillover arbitrage buying came in from the wheat options pit and Prudential Securities bought 100 December.
Traders said there was some spillover support in the wheat market from commercial buying of corn and soya, which turned those markets higher. There also may have been some support from a Statistics Canada report that pegged this year's Canadian wheat crop at a level below some analysts' expectations.
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