Wheat trading overnight has futures 2 to 5 cents higher ahead of the weekend, led by KC HRW. Wheat futures were up double digits on Thursday, led by CBT SRW. Chicago winter wheat futures closed the session up by 11 to 14 1/4 cents. KC winter wheat traded 9 3/4 to 12 1/2 cents higher. MGE spring wheat futures were up 7 1/4 to 10 cents on the day. Wheat export bookings were down 30% on the week and at the low end of estimates. With 335,727 MT booked and 564,019 MT shipped on the week, 2020/21 commitments are at 13.133 MMT (482.5 mbu). That is still up 6.8% yr/yr for week 15 of the MY. Japan bought 104,870 MT in their weekly tender with 56,765 MT U.S. origin. China announced plans to maintain the existing 9.63 MMT wheat TRQ.

--- provided by Brugler Marketing & Management