Chicago SRW December wheat rose 1.5 cents to 525 cents per bushel and Kansas City HRW December fell 0.75 cents to 514 cents. USDA data showed U.S. wheat export sales of 775,073 tons in the week to September 11, up over 80 percent week on week and 31 percent year on year.
Demand came notably from Mexico, Indonesia and South Korea.
Strong export inspections support U.S. wheat prices, though the spring wheat harvest pace limited gains.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 40 past neutral report events, Wheat (HRW) moved a median -0.9% over 5 sessions (38% higher; middle half -3.1% to +1.6%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.