Wheat Futures PricesWed, Jul 30th, 2014
Latest Brugler Wheat Report
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Wheat futures closed 10 to 14 cents lower on the day. French wheat futures on MATIF sank today, and the US market followed. Scouts on the Cereals North America Canadian crop tour are reporting typical yields in most areas, with select areas producing above average yields. The US Spring wheat heading matches the average pace of 93%. North Dakota was 91% headed, up from 79% last week and just below the 5 year average of 93%. Egypt is taking advantage of today’s low prices to schedule another buying tender, for Sept 11-20 shipment. Results are expected in the 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.