Wheat

Wheat futures settled with fractional to 2 1/4 cent losses in most CBT contracts, as KC was down 2 to 4 1/4 cents. MPLS saw steady to 4 3/4 cent gains in most contracts. Analysts are expecting to see the old crop US ending stocks number slightly higher at 1.015 bbu in Thursday’s USDA WASDE report. The USDA Export Sales report will also be released on Thursday morning. Egypt’s GASC purchased 175,000 MT of Russian wheat in this morning’s tender for mid April delivery. Taiwan is seeking 92,465 MT of US wheat for April/May delivery, with the tender to close March 13.

Mar 18 CBOT Wheat closed at $5.02, down 1/4 cent,

Mar 18 KCBT Wheat closed at $5.29 1/4, down 4 1/4 cents,

Mar 18 MGEX Wheat closed at $6.27 1/4, up 4 1/4 cents




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.