Spring Wheat Futures PricesTue, Jul 22nd, 2014
Latest Brugler Spring Wheat Report
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Wheat futures are trading 1 to 4 cents higher. Funds were estimated to be net sellers of 2,000 lots of CBOT wheat. Weekly wheat export inspections were reported at 515,283 MT, up from 387,400 MT last week. YTD inspections are now at 73.35% of what they were at this point last year. Gulf basis bids for CIF SRW were up four cents from yesterday for Sept delivery and beyond. USDA reported that HRW harvest has caught up to normal at 75% completed). Spring wheat is 84% headed, just below the 5 year average of 85% for this week. The Brugler500 spring wheat condition index rose 2 points from last week, as there was a collective improvement of 1% f the crop from very poor to fair.
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