Wheat Futures PricesThu, Oct 23rd, 2014
Latest Brugler Wheat Report
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Wheat futures are trading mixed within a couple cents of even money this morning after higher closes on Wednesday. Trade ideas for the weekly export sales report were 350,000 to 500,000 MT. The USDA indicated net sales for the week ending October 16 were 275,200 MT, after 24,200 MT of decreases. Argentina has issued export permission for 400,000 MT of old crop wheat, expected to remain in South America for the most part if not all of it. Brazil is the main buyer of Argentine export wheat and to the degree they can get it purchases from North America are reduced.
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.