Wheat

Wheat futures are showing sharp losses in most contracts on Friday on a correction from yesterday and profit taking ahead of the weekend. Wheat export shipments totaled 330,694 MT last week, falling 20.9% from the previous week total and 35.53% behind the same week last year. Commitments for all wheat exports are now 12.4% lower than this time in 2017. They are 84% of the USDA projection, vs. 93% last year and the average of 92%. France’s soft wheat crop was rated at 83% gd/ex by the French AgriMer on Friday, down from 85% last week.

Mar 18 CBOT Wheat is at $4.89, down 16 1/2 cents,

Mar 18 KCBT Wheat is at $5.17 1/2, down 13 1/2 cents,

May 18 MGEX Wheat is at $6.23 1/4, down 11 1/2 cents




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