Wheat

Wheat futures are currently 2 to 5 cents lower in most contracts on Tuesday. Export inspections of wheat for the week that ended Jan 11 totaled 368,651 MT. That was a 56.73% improvement over the previous week but still 4.38% behind same week in 2017. Exports so far in the 17/18 MY are at 15.136 MMT, down 6.5% from the same time in the 16/17 MY. Japan is seeking 24,160 MT of US wheat in their weekly MOA tender, with a total of 91,733 MT sought from Australia, Canada, and the US. Egypt’s GASC purchased 295,000 MT of Russian wheat on Tuesday following Monday’s tender.

Mar 18 CBOT Wheat is at $4.15 3/4, down 4 3/4 cents,

Mar 18 KCBT Wheat is at $4.23 1/2, down 2 3/4 cents,

Mar 18 MGEX Wheat is at $6.10, down 2 3/4 cents




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.