Wheat Futures PricesMon, Mar 10th, 2014
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Wheat futures closed 11/4 to 13 1/4 cents lower on the day. The Mar 14 KCBT contract displayed the most weakness of the front months and finished down a dime. Export inspections reported this morning showed 429,081 MT this week, compared to the 609,867 MT inspected last week, and the 780,887 MT inspected during the same week last year. USDA left wheat ending stocks UNCH at 558 MB despite trade ideas of an increase to 570 million. World wheat stocks were 183.81 MMT, up slightly from the Feb figure of 183.73 MMT. The Texas wheat crop was reported at 28% gd/ex.
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.
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