It was China's first purchase of the variety since March and its largest one-time purchase of US wheat since December 2016. USDA also said that weekly export sales of wheat totalled 328,500 tonnes, in line with forecasts for 200,000 tonnes to 600,000 tonnes. The benchmark Chicago Board of Trade December soft red winter wheat futures contract rose above its five-day moving average during Thursday's session but failed to hold support above that level.
It was China's first purchase of the variety since March and its largest one-time purchase of US wheat since December 2016. USDA also said that weekly export sales of wheat totalled 328,500 tonnes, in line with forecasts for 200,000 tonnes to 600,000 tonnes. The benchmark Chicago Board of Trade December soft red winter wheat futures contract rose above its five-day moving average during Thursday's session but failed to hold support above that level.