KCBT Red Wheat (P) Futures PricesTue, Dec 10th, 2013
Latest Brugler KCBT Red Wheat (P) Report
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Wheat futures closed 9 cents lower across the board. The soon to expire Dec13 CBOT contract made a new low for the move at $6.26. The average trade estimate called for US ending stocks (13/14) of 547 mbu, which was lower than the November figure of 565 mbu. USDA put the actual figure at 575 mbu due to increased imports from Canada. World ending stocks were estimated at 179.98 MMT, slightly higher than the November figure of 178.48 MMT. USDA put the actual figure at 182.78 MMT. Paris wheat milling futures settled 3.25 low at 205.75. Egypt is tendering for wheat for delivery during the Jan 10th through Jan 20th time period.
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