Wheat Pushing Higher on Monday Morning

Group 1 - Wheat futures showed mixed performance, with Chicago SRW futures gaining 1 to 2 cents while KC HRW futures experienced losses of 1 to 2 cents [1] - The KC wheat market was noted as the weakest, with March futures down 2 ¾ cents last week, while MPLS spring wheat saw an increase of 5 to 6 cents [1] - Open interest in wheat futures increased by 11,648 contracts, indicating slight new buying activity [1] Group 2 - Export Sales data for the week ending December 4 is anticipated, with analysts predicting wheat sales between 300,000 to 600,000 MT [2] - A CFTC update revealed that spec traders in CBT wheat futures added 2,228 contracts to their net short position, totaling 46,069 contracts as of December 19 [3] - Algeria has issued a tender for 50,000 MT of durum wheat, while Argentina's wheat crop estimate has been revised to 27.1 MMT, an increase of 1.6 MMT from previous estimates [3] Group 3 - Closing prices for various wheat futures on March 26 showed slight increases for CBOT and MGEX wheat, while KCBT wheat experienced minor declines [4] - Specific closing prices included CBOT Wheat at $5.09 3/4, KCBT Wheat at $5.15 1/4, and MGEX Wheat at $5.78, with respective changes noted [4]