Wheat Futures PricesWed, Oct 1st, 2014
Latest Brugler Wheat Report
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Wheat futures are trading mixed with MPLS steady to lower, while CHI and KC are mostly a few cents higher. In the small grains report published yesterday, the USDA put the 2014 wheat production figure near expectations at 2.035 bbu. Winter wheat pre-report estimates averaged 1.404 bbu, but the USDA came in on the low end of the range at 1.378 bbu. The September 1, 2014 wheat stocks in all positions totaled 1.914 bbu, very close to the average trade estimate of 1.910 bbu. Egypt took advantage of the lower prices on Tuesday to schedule a buying tender overnight for early November shipment, buying 120,000 MT of French wheat.
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.