Wheat

Wheat futures closed the Wednesday session with most HRW and SRW contracts 3 to 5 cents in the green on short covering. MPLS HRS contracts were fractionally higher. 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 closed at $4.21 1/2, up 5 cents,

Mar 18 KCBT Wheat closed at $4.27, up 5 cents,

Mar 18 MGEX Wheat closed at $6.11 3/4, up 1/4 cent




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