Wheat Futures PricesWed, Aug 20th, 2014
Latest Brugler Wheat Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Wheat futures closed lower. From wire reports, Ukraine is apparently slowing wheat exports while it tallies inventories of milling quality wheat to ensure domestic supplies. Only 40% of the crop is estimated to be milling quality, and of course they lost the Crimean production when it was annexed by Russia. Gulf barge bids for CIF SRW wheat jumped a nickel for Oct/Nov/Dec in the midday report and are at +85 cents vs December futures. The trade average estimate for Stats Canada Canadian wheat production is 28.5 MMT with a different survey showing 29 MMT. The report release is scheduled for Thursday morning.
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.