Wheat Futures PricesThu, Nov 26th, 2015
Latest Brugler Wheat Report
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Wheat futures settled with mostly fractionally mixed prices on Wednesday. Nearby Dec15 CHI wheat was a nickel lower, but Dec15 MPLS wheat was a nickel higher. Unofficial reports have stated that, because of the Turkish shooting of a Russian jet, all Russian wheat exports to Turkey are indefinitely suspended. Turkey is the second largest importer of Russian wheat, behind Egypt. Wednesday morning, Egypt purchased 240,000 MT of French (120,000 MT), Russian (60,000 MT) and Romanian (60,000 MT) wheat for Dec 21-31 delivery at an average price of $205.74/ton. No US wheat was offered in that tender.
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.