Hard Red Wheat (P) Futures PricesThu, Feb 11th, 2016
Latest Brugler Hard Red Wheat (P) Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Wheat futures were mostly fractionally mixed during the Thursday session, although front month Mar16 SRW lost 3 cents. Weakness in the US Dollar index supported wheat contracts earlier this morning, but excitement dwindled as Fed Chairwoman Yellen continued her testimony. Front month Mar16 HRW closed at its lowest price since its trading began, although 1 3/4 cents off its life of contract low set on Tuesday. Large world wheat stocks continue to pressure the market. USDA reported that there were 299,269 MT worth of wheat bookings during the week ending last Thursday. This was nearly double the total from the week before, but still 2.5% below the previous four week average. Mexico accounted for 83,700 MT worth of sales. Japan purchased 146,000 MT of US, Canadian, and Australian wheat for Mar 21 to April 20 delivery. The US was the source for 31,750 MT of white wheat, and 22,630 MT of HRW. Jordan is tendering for 100,000 MT of optional origin wheat, with the tender closing next Tuesday.
InsideFutures Grains News