CBOT wheat up on corn and soybean strength
CHICAGO, Oct 23 (Reuters) -Chicago Board of Trade wheat futures on Wednesday firmed following rising corn and soybean futures, according to analysts, as the market assessed attempts by Russia to regulate its grain exports.
CBOT December soft red winter wheat WZ24 settled up 2-1/2 cents at $5.78-1/2 per bushel.
K.C. December hard red winter wheat KWZ24 ended down 1 cent at $5.85-1/2 a bushel and MGEX December spring wheat MWEZ24 settled down 1 cent at $6.15-1/2 a bushel.
Comments by Russian President Vladimir Putin on outlining a proposed grain exchange for BRICS countries added to concern that Russia may capture more export flows.
Romania's government will approve on Wednesday a plan to upgrade rail infrastructure in the Black Sea port of Constanta to create a second railroad access point, part of wider investments in the port triggered by Russia's war in Ukraine. Romania has become Ukraine's biggest alternative grain export route since Russia's full-scale invasion in 2022.
Bangladesh's state grains buyer has issued another international tender to purchase 50,000 metric tons of milling wheat, European traders said on Wednesday.
Kazakh farmers have threshed 26.5 million metric tons of grain with harvesting 99.7% complete, officials said on Wednesday, adding that the Central Asian nation aimed to export 12 million tons from this year's crop.
Reporting by Renee Hickman; Editing by Aurora Ellis
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