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




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