Hard Red Wheat Futures PricesFri, Aug 22nd, 2014
Latest Brugler Hard Red Wheat Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Wheat futures closed mostly higher today, finding support from the Stats Canada 2014/15 all wheat production figure of 27.704 MMT. The range of trade estimates was between 27.8 MMT and 29.9 MMT, so this was a friendly figure. The Canadian Spring wheat production estimate came in at only about 3/4 of the previous year. USDA reported net weekly export sales last week totaled 209,200 MT; the smallest weekly figure of this marketing year (which began on June 1). Total export commitments YTD are 43% of the newly increased USDA forecast for 2014/15 exports. The 5 year average for this date would be 41%.
InsideFutures Grains News