Spring Wheat Futures PricesThu, Oct 30th, 2014
Latest Brugler Spring Wheat Report
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Wheat futures are trading steady to slightly higher. Weekly export sales came in above the high end of trade expectations this week at 459,100 MT. Due to widespread lack of moisture and weak stands going into dormancy, IKAR is projecting the next Russian wheat crop will only be 46.5 MMT. SovEcon put it at 50 MMT. The USDA estimate for the 2014/15 Russian wheat production was 59 MMT, up from 52.09 MMT in 2013/14.
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