Wheat (P) Futures PricesMon, Jul 28th, 2014
Latest Brugler Wheat (P) Report
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Wheat futures closed 3 to 5 cents lower today. Weekly wheat export inspections were reported at 395,963 MT, down from 527,633 MT last week. YTD inspections are now at 3,643,897 MT, which compares to 5,116,841 MT at this time last year. Private exporters reported to the USDA export sales of 101,000 metric tons of wheat for delivery to Nigeria during the 2014/2015 marketing year. Of the total, 61,000 tons is hard red winter and 40,000 tons is soft red winter wheat. The US winter wheat harvest is still cruising along at 83% complete. The 5-year average would be 80%. Spring wheat heading matches the average pace of 93%. USDA shows 70% of the crop in good/ex condition, the same as last week but with 1% more rated excellent.
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