In Chicago, SWR wheat was under pressure on the last day of the year at 3.75 US cents for March and closed at 507.00 US cents/bushel. May futures lost 3.50 US cents to 518.50 US cents/bushel. In Kansas City, March HRW wheat was down 7.25 US cents to close at 514.75 US cents/bushel, while May closed down 7.00 US cents at 528.00 US cents/bushel. Spring Wheat in Minneapolis also closed weaker, dropping between 4 and 5 US cents.
The entire complex was weighed down by weak US export data. In the week ending December 18, only 147,834 metric tons of wheat were sold, down 35.8 percent from the previous week and almost 76 percent less than a year earlier. Although the figures were within analysts' estimates, they remained disappointing overall.
The stock exchanges were closed on Thursday for the New Year, with trading starting again today at 8:30 am CST. There was no movement for wheat on Euronext and it closed unchanged at €189.75/t.
