Wheat Futures PricesTue, Sep 1st, 2015
Latest Brugler Wheat Report
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Wheat futures closed the last day of August mostly up 1 to 6 cents in KC and MPLS. CHI wheat closed down 5 to up 6 cents. The USDA announced this afternoon that 88% of the national spring wheat crop has been harvested, significantly ahead of the five year average of 62%. Washington concluded harvest this week. On average, the Washington crop would only be 71% harvested. This morning, the USDA reported that 601,639 MT of wheat was inspected for export during the week ending 8/27. Export inspections increased by 90% week over week, bringing the YTD total to 5.04 MMT (still 23% behind last year). Russian wheat exports since July 1 have totaled 3.3 MMT. Exports were down 46.3% from 2014 from July 1 to August 9.
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.