Wheat (P) Futures PricesTue, Apr 22nd, 2014
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Wheat futures closed 4 to 7 cents higher on the day. The May 14 KCBT contract displayed the most strength and closed at $7.41. Trader talk is that Egypt purchased 4.5 MMT of wheat from local producers. Japan is said to be tendering for around 108,000 MT of wheat. After the close on Monday, USDA reported Washington was at 65% planted vs. 46% the previous week and the 5 yr average of 55%. Idaho is currently 79% planted vs. 56% the previous week and the 5 yr average of 48%.
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