Hard Red Wheat Futures PricesWed, Sep 2nd, 2015
Latest Brugler Hard Red Wheat Report
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Wheat futures are trading lower at midday with most contracts down 4 to 6 cents, but the front months for SRW and HRW are off at least a dime on the session. The USD is up more than 300 points today, recovering most of its Tuesday losses. Reuters reports that high humidity levels have slowed Manitoban wheat harvest. Ag consultancy SovEcon states that Russian wheat prices have fallen $3/ton this week to $181.5/ton. Nearby gulf barge bids on SRW CIF for September shipments are 4 pennies higher today after a sharp drop on Tuesday; currently +24 cents over Sept CBT futures.
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