Wheat

Wheat futures are showing 4 to 6 cent losses in most CBT and KC contracts at midday. MPLS is steady to 2 cents lower. The CME Group raised margin requirements for KC HRW by $150 and increased margins for CBT wheat by $50. The average trade guess for Thursday’s Export Sales report is for all wheat sales to total 200,000-450,000 MT for the week that ended Feb 8. The US isn’t the only one have trouble exporting. France AgriMer cut projected 2017/18 French exports and raised projected soft wheat carryover to 3.25 MMT today from 2.9 MMT.

Mar 18 CBOT Wheat is at $4.54 3/4, down 6 cents,

Mar 18 KCBT Wheat is at $4.70, down 4 1/2 cents,

Mar 18 MGEX Wheat is at $6.01, down 3/4 cent




Market Commentary provided by:

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