Wheat

Wheat futures are showing 5 to 8 1/4 cent losses in most contracts at midday, following large Canadian production announced earlier today. This morning’s report from Stats Canada showed the country’s 2017 total wheat production hit 29.984 MMT. That was down 5.5 % from last year but exceeded the average projection of 28 MMT. Durum wheat was also reported higher than expectations at 4.962 MMT, down 36.1% from a year ago. All wheat weekly export sales are estimated to run 250,000-450,000 MT in Thursday morning’s USDA report.

Dec 17 CBOT Wheat is at $4.00 1/2, down 5 1/2 cents,

Dec 17 KCBT Wheat is at $4.06, down 8 1/4 cents,

Dec 17 MGEX Wheat is at $6.03 3/4, down 5 1/4 cents




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
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