KC HRW Wheat (P) Futures PricesThu, Jul 24th, 2014
Latest Brugler KC HRW Wheat (P) Report
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Wheat futures are trading steady. The Spring Wheat Tour projected average yield of 48.6 bpa, an all time record. The 5 year average for the group is 44.7 bpa. They projected durum yield at 36.6 bpa. USDA reported that net weekly sales through July 17 totaled 443,200 MT. The total was comfortably within the range of estimates, i.e. no bullish surprise. Japan bought 95,600 MT from all sources in the weekly MOA tender. Australia is expecting current dry weather in the eastern part of the country to last another 60-90 days, affecting wheat and other crops.
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