Spring Wheat Futures PricesWednesday, May 22nd, 2013
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Latest Brugler Spring Wheat Report
Wheat futures are trading 9 to 10 cents higher at midday in Chicago. Japan is tendering for 122,222 MT of milling wheat this week, of which 67,897 MT is specified US origin white, HRW and DNS wheat. Results are due on Thursday. Ag Canada raised projected Canadian wheat production to 29.4 MMT, going above the USDA estimate of 29 MMT which was in turn based on Stats Canada (different agency) data. Algeria bought 50,000 MT of soft wheat for August from the EU. USDA is expected to show net US weekly export sales of 400-700,000 MT for last week. May 31 is the last day for old crop wheat to be shipped.
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