Wheat

Wheat futures are showing gains of 3 to 4 1/2 cents in the nearby CBT and KC contracts, as MPLA is 6-7 cents higher. This week’s frigid temperatures could cause an issue in areas with little snow cover, though no major news of winter kill has been reported. This week’s USDA Export Sales report will be delayed until Friday morning, due to the short week. Egypt purchased 180,000 MT of wheat from Russia in their latest tender for early Feb delivery. Russia presented 8 of the 9 offers, with Romania showing the only other offer.

Mar 18 CBOT Wheat is at $4.26 3/4, up 4 1/2 cents,

Mar 18 KCBT Wheat is at $4.23 3/4, up 3 3/4 cents,

Mar 18 MGEX Wheat is at $6.17 1/2, up 6 1/2 cents




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
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