Wheat Futures PricesThu, Dec 5th, 2013
Latest Brugler Wheat Report
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Wheat futures are trading 1 to 8 cents lower this morning. All three markets were lower yesterday, with MPLS the weakest. StatsCan boosted their Canadian wheat production estimate to 37.53 MMT, more than 11% higher above the average trade guess. Yields were record high despite a late planting season. Production last year amounted to 27.2 MMT. Traders are lowering expectations for US weekly export sales this morning at 450,000-550,000 MT. USDA put the actual number at 229,200 MT; a marketing year low.
InsideFutures Grains News
Due to grow seasons and seasonal fluctuations in wheat supply and demand, wheat futures tend to be highest from August through September, and lowest from January through May. These are not guaranteed trends, however, so traders of wheat futures must stay abreast of fluctuations in wheat prices and wheat quotes. Our up-to-date wheat futures table provides a summary of wheat prices with links to wheat quotes.