Wheat Futures PricesFri, Feb 27th, 2015
Latest Brugler Wheat Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Wheat futures outshined the other crops today with gains of almost 5 cents to more than 14 cents. On a weekly basis, Chicago was up 7.2 cents and Kansas City 1.2 cents, while Minneapolis was one of just two markets in the red. US exports continue to be priced out of many markets, which has kept exports rather mediocre. Total US export commitments as a % of total projected exports are at 88% vs. the five year average of 90%. The weekly Commitment of Traders Report from the CFTC showed managed money accounts getting more short by a net -5,989 contracts in Chicago wheat, and they reduced their net long in KC wheat by a net -4,460 contracts.
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.