Spring Wheat Futures PricesMon, Sep 15th, 2014
Latest Brugler Spring Wheat Report
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Wheat futures ended the day mostly lower on all three exchanges. CHI wheat contracts had the most support, closing with less than 2 cent losses in most contracts. USDA weekly export inspections through 9/11 were 545,621 MT, up about 13 thousand from the previous week. Shipments YTD are down 33% from last year. USDA is projecting a 24% drop for the year as a whole. The weekly crop progress report from the USDA showed the Spring wheat harvest progress getting closer to the 5yr average. The winter wheat crop is 12% planted, slightly ahead of the five year average for this date. The Saudis bought 610,000 MT of optional origin hard wheat for end of year delivery.
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