KCBT Red Wheat Futures PricesMon, Mar 10th, 2014
Latest Brugler KCBT Red Wheat Report
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Wheat futures are trading miixed at midday. Front month Mar 14 contracts for both MgEX and CBOT are higher on thin volume, while the May 14 contracts are down 2 to 8 cents. Export inspections reported this morning showed 429,081 MT this week, compared to the 609,867 MT inspected last week, and the 780,887 MT inspected during the same week last year. USDA left wheat ending stocks UNCH at 558 MB despite trade ideas of an increase to 570 million. which was unchanged from the February figure. World wheat stocks were reported at 183.81 MMT, up slightly from the Feb figure of 83.71 MMT. Preliminary OI in CBOT Wheat was down 3,114 contracts. There were 26 deliveries put out against the Mar 14 CBOT wheat contract. ADM stopped all of them.
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