Wheat (P) Futures PricesWed, Aug 27th, 2014
Latest Brugler Wheat (P) Report
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Wheat futures are trading steady to slightly higher in the CBT contracts, KC wheat is higher in the front three contracts. MPLS is trading several cents lower in the front month, and came within 2 cents of the recent low, getting down as far as $6.035 this morning. Ukraine posted pictures and names of Russian soldiers captured on patrol inside Ukraine. Egypt bought a total of 175,000 MT of wheat from Russia and Romania, without offering the business to the US. The USDA projection for 14/15 US exports is off 4.72% from last year, but the total commitments as a % of that projection are currently at 43%, a couple points ahead of the five year average for this date. Last year they were at 48% by now.
Sep 14 CBOT Wheat is at $5.41, down 1/2 cent,
Sep 14 KCBT Wheat is at $6.21 3/4, up 3/4 cent,
Sep 14 MGEX Wheat is at $6.04, down 8 3/4 cents
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