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CBOT wheat closes firm; Black Sea shipments in focus

CBOT wheat closes firm; Black Sea shipments in focus

Reuters · 09/13/2022 14:36
CBOT wheat closes firm; Black Sea shipments in focus

- U.S. wheat futures rose on Tuesday, with the market supported by uncertainty over Black Sea supplies following Russian criticism of a diplomatic deal allowing maritime grain exports from war-torn Ukraine.

* The benchmark Chicago Board of Trade December soft red winter wheat futures contract WZ2 gained 1-3/4 cents to settle at $8.60-1/2 a bushel.

* Technical resistance was around the high end of the contract's 20-day Bollinger range.

* MGEX spring wheat for December delivery MWEZ2 was up 2-3/4 cents at $9.29-1/4 a bushel and K.C. December hard red winter wheat futures were up 5-1/2 cents at $9.32-1/2 a bushel.


(Reporting by Mark Weinraub; Editing by Mark Porter)

((mark.weinraub@thomsonreuters.com; +1 313 484 5282; Reuters Messaging: mark.weinraub.thomsonreuters.com@reuters.))