Wheat (P) Futures PricesThu, Apr 17th, 2014
Latest Brugler Wheat (P) Report
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Wheat futures were higher at all three exchanges, surviving a late sell off to close mostly 3 to 6 cents higher. Strategie Grains lowered its EU soft wheat production estimate 500,000 MT to 137.2 MMT. Trade estimates for USDA export sales this morning were 250-850,000 MT. USDA put the actual figures at 797,900 MT (including 359,900 MT for 14/15). Total commitments as a % of total exports are now at 96% which compares to 100% last year and the 5 year average of 100%.
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