Wheat Futures PricesFri, Sep 19th, 2014
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Wheat futures lost 10 to 12 cents today. Trade estimates for the morning USDA weekly Export Sales report were in the 350,000 MT to 650,000 MT range. USDA put the actual number at only 314,500 MT, with Japan the largest buyer. Weekly export shipments were the largest of the marketing year, however. Export commitments (shipments plus outstanding sales) total 51% of the much reduced USDA forecast for the entire year. They are running ahead of the 49% average for this date. Strategie Grains in France raised projected EU wheat production another 2.8 MMT above USDA, to 153.8 MMT.
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.