CBOT wheat edges up on renewed demand
CHICAGO, Aug 29 (Reuters) -Chicago Board of Trade benchmark wheat futures Wv1 ended up after a choppy day on support from relatively strong export sales but remained under pressure from a flood of cheap Black Sea exports, traders said.
CBOT's December soft red winter wheat WZ24 settled up 7-1/4 cents to $5.48-3/4 per bushel.
K.C. December hard red winter wheat KWZ24 settled up 4-3/4 cents to $5.60-1/2 per bushel.
MGEX December spring wheat MWEZ24 was unchanged at $5.83-3/4 per bushel.
The U.S. Department of Agriculture (USDA) reported export sales of U.S. 2024/25 wheat in the week ended Aug. 22 at 532,100 metric tons, in line with trade expectations for 300,000 to 650,000 tons. EXP/WHE
The Omsk region in Russia's Siberia has delayed its harvest as an emergency regime has been imposed due to heavy rainfall, the regional governor said.
The European Commission on Thursday cut its estimate for usable production of common wheat in the European Union in 2024/25 to 116.1 million metric tons from 120.8 million forecast a month ago, still a four-year low.
Separately, under its daily reporting rules, the USDA confirmed private sales of 118,000 metric tons of U.S. sorghum to China for delivery in the 2024/25 marketing year that begins Sept. 1.
Reporting by Heather Schlitz; Editing by Mark Porter
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