Wheat

Wheat futures are trading 2 to 4 cents higher in most contracts at midday on Wednesday. The FSA reported that US wheat producers enrolled in 619,685 prevent plant acres for the 2017 wheat crop. That was the fewest number of acres since 2012 and was 65.33% lower than the previous year. Ukraine exports of wheat have totaled nearly 11.7 MMT during the 17/18 marketing year so far according to their ag ministry, which lags the same time in the previous year by 0.6 MMT. The weekly Export sales report will be delayed until Friday.

Mar 18 CBOT Wheat is at $4.20 1/2, up 4 cents,

Mar 18 KCBT Wheat is at $4.25 1/4, up 3 1/4 cents,

Mar 18 MGEX Wheat is at $6.14, up 2 1/2 cents




Market Commentary provided by:

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