Wheat

Wheat futures are mostly 4 to 8 cents lower this morning. They finished with gains of 8 to 11 1/2 cents in most CBT and KC contracts, erasing Friday losses. MPLS was 16 1/2 cents higher in March on low volume, as most other contracts were up 3-4 cents. In Monday morning’s USDA Export Inspections report, 400,937 MT of all wheat shipments were recorded. That was a jump of 43.07% from last week’s report but was down 31.3% from this time last year. Winter wheat ratings in KS were reported at 13% gd/ex up 1, with the Brugler500 rating down 2 at 249 on higher p/vp ratings. OK saw an improvement of 5 points to 193, as the gd/ex is now at 6%. Ratings in TX were 14 points higher at 213 on a scale of 500, with the gd/ex now at 10%, up 5 from last week. The ABARE in Australia estimates that the 18/19 wheat crop will total 23.7 MMT, 11.8% larger than their depressed total from 17/18. Egypt’s GASC is seeking wheat for mid-April delivery, with results expected later today.




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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


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.