Wheat Futures PricesMon, Apr 21st, 2014
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Wheat futures were higher at all three exchanges, surviving a late sell off to close mostly 3 to 6 cents higher. Strategie Grains lowered its EU soft wheat production estimate 500,000 MT to 137.2 MMT. Trade estimates for USDA export sales this morning were 250-850,000 MT. USDA put the actual figures at 797,900 MT (including 359,900 MT for 14/15). Total commitments as a % of total exports are now at 96% which compares to 100% last year and the 5 year average of 100%.
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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