Wheat Futures PricesThu, Dec 18th, 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 are currently trading 3 to 7 cents higher, but with 2016 contracts in the red in Chicago. LIFFE wheat futures are trading lower. The Russians indicated that they would resume buying for intervention stocks next week. We are told the price for #3 would be 10,100 R/MT, or $164.89/MT at the current exchange rate. That’s $4.48/bushel interior Russia. The USDA weekly export sales report indicated a need for some additional markets, with net sales last week at 509,500 MT including 33,200 MT of new crop.
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.