Hard Red Wheat Futures PricesWed, Oct 26th, 2016
Latest Brugler Hard Red Wheat Report
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Wheat futures were higher in all three futures traded markets. Chicago was in the lead, with MPLS lagging due to spread unwinding. The weaker dollar was of some assistance. The CME Group reported that volume in its new EU Wheat Futures contract hit 50,967 contracts in 30 days. Average daily volume was 2,884 last week, which is paltry by CBT wheat standards but pretty good for a new contract roll out. Trader ideas for the USDA weekly Export Sales report in the morning are running 350,000 to 550,000 MT.
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