Wheat

Wheat futures are mostly 2 to 5 cents in the red on Thursday, with a few deferred contracts in MPLS steady. All wheat export sales for the week of 11/30 ran in the middle of expectations at 321,434 MT for 17/18 and 1,600 MT for 18/19 sales. Old crop sales were 74.3% above last week’s total but were still 36.1% lower than this week in 2016. Unknown destinations was the lead buyer at 69,800 MT, with Japan purchasing 63,100 MT. Trade data from the month of October shows the US shipped 1.393 MMT of wheat. That was down 19.64% from last month and 40.94% lower than the same time last year.

Dec 17 CBOT Wheat is at $3.95 1/4, down 3 1/4 cents,

Dec 17 KCBT Wheat is at $4.03 1/4, down 2 3/4 cents,

Dec 17 MGEX Wheat is at $5.98 3/4, down 5 cents




Market Commentary provided by:

Brugler Marketing & Management LLC
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