Wheat Futures PricesThu, Sep 29th, 2016
Latest Brugler Wheat Report
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Wheat futures are currently trading with gains of two or three cents after they were mostly higher on Wednesday. Expectations heading into the weekly USDA Export Sales report this morning are for somewhere between 400,000 MT and 650,000 MT worth of new bookings. The range of trade estimates for the all wheat stocks as of Sept 1 in the quarterly Grain Stocks report on Friday stretches from 2.175 to 2.65 bbu with an average guess of 2.438 bbu according to a Bloomberg survey.
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.