Wheat
Wheat futures are UNCH to 1 cent higher this morning. They finished Wednesday 2 to 5 cents lower in most CBT and KC contracts, while MPLS was slightly higher. Wednesday morning’s USDA announcements also included a private export sale of 104,200 MT of HRW to Mexico for 17/18 delivery. The USDA reported KS planting progress was only 27% complete, with OK 20% below their average. Most SRW states were ahead of their average pace. Traders are estimating the USDA will lower the world wheat ending stocks number by 0.34 MMT to 262.8 MMT in Thursday’s monthly report.



Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at  http://bit.ly/Harvest2Fer.


 

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.