For the week, the CBOT March contract rose 2-1/4 cents or 0.4 percent. K.C. March hard red winter wheat ended down 2 cents at $5.09-1/2 a bushel and MGEX March spring wheat fell 1-1/2 cents at $5.74-3/4. Russia's Sovecon agriculture consultancy raised its forecast for Russia's 2018/19 wheat exports to 35.6 million tonnes, from 35.1 million tonnes previously.
Strikes by some truckers in southern Russia are hampering about 4 percent of monthly grain supplies, the Kommersant business daily reported, citing truckers' associations. CBOT futures underpinned by forecasts for frigid temperatures next week in the US Midwest that could threaten exposed winter wheat in parts of Missouri and Illinois, the Commodity Weather Group said in a client note.
Algeria's state grains agency OAIC purchased around 200,000 to 250,000 tonnes of durum wheat in a tender, European traders said. The wheat was optional origin but likely mainly to be sourced from Canada with some possibly from Mexico, they said.