CBOT wheat falls on weak demand
Corrects K.C. wheat price from last traded to settlement
CHICAGO, July 25 (Reuters) -Chicago Board of Trade wheat futures eased on Thursday as export sales data fell at the low end of expectations and scouts on a crop tour in North Dakota projected that spring wheat fields in the state will produce the highest yields on record.
CBOT September soft red winter wheat WU24 ended down 9-1/4 cents at $5.37-3/4 per bushel.
September K.C. hard red winter wheat KWU24 ended 6 cents lower at $5.61-1/2per bushel and MGEX September spring wheat MWEU24 settled down 7 cents at $6.03-3/4 a bushel.
U.S. wheat export sales for the week ended July 18 were 309,300 metric tons, the U.S. Department of Agriculture said. Analysts expected 300,000 to 625,000 tons.
Scouts on an annual North Dakota crop tour on Thursday projected hard red spring wheat yields in the top-producing state will average 54.5 bushels per acre, the highest ever according to records going back to 1992.
Soft wheat exports from the European Union since the start of the 2024/25 season in July had reached 1.44 million metric tons by July 21, down 35% from 2.21 million tons a year earlier, according to data published by the European Commission on Tuesday.
However, the Commission said export figures for France, the EU's largest wheat and barley exporter, have been incomplete since the beginning of the 2024 calendar year.
Reporting by Renee Hickman; Editing by Aurora Ellis
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