Wheat

Wheat futures ended the Monday session with 15 cent gains in the nearby CBT contracts, as KC HRW was up 12 to 15 cents. MPLS was the weakest, but still managed to be 6 to 7 cents higher on the day. This morning’s Export Inspections report showed 487,902 MT of wheat shipped for the week that ended 2/8. That was 13.57% above the last week and nearly 50.22% larger than the same time last year. All wheat export commitments are now 81.02% of the newly updated USDA export projection. The average is 87% for that week, with last year hitting 89% at this time. Australia made the lowest offer in Iraq’s recent tender, with the offers to remain valid until Thursday.

Mar 18 CBOT Wheat closed at $4.64, up 15 cents,

Mar 18 KCBT Wheat closed at $4.77 1/2, up 12 cents,

Mar 18 MGEX Wheat closed at $6.10, up 6 1/2 cents




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.