Hard Red Wheat (P) Futures PricesWed, Jul 29th, 2015
Latest Brugler Hard Red Wheat (P) Report
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Wheat futures are taking a beating again today after spending one day in the green on Tuesday. Prices at midday are off 12 to 14 cents for CHI and down about 8 to 9 cents for both KC and MPLS contracts. Sept15 HRW futures have lost 17% (-$1.09 1/4) since their high on June 30. The spring wheat tour is underway, and Minnesota and the Dakotas are reporting the best yields in 21 years. The Wheat Quality Council states an average yield for 166 HRS fields of 51.1 bpa, up from the 2014 figures of 48.3 bpa, and the five year average of 43.4 bpa. The official tour estimate is expected on Thursday.
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