Hard Red Wheat Futures PricesWed, Sep 17th, 2014
Latest Brugler Hard Red Wheat Report
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Wheat futures are currently 2 to 3 cents higher after losing mostly 3 to 5 cents yesterday. SovEcon raised its estimate of Russian wheat production to 60 MMT from 58 MMT, and raised projected Russian exports above 20 MMT. USDA was at 59 MMT, and 22.5 MMT (respectively) in the WASDE report last Thursday. Australian sources are indicating that wheat exports might only hit 18 MMT, a five year low and 1 MMT below the current USDA figure.
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