Wheat

Wheat futures are displaying 9 to 10 1/2 cents losses in the HRS and SRW contracts at midday, with HRW down 14 to 15 3/4 cents. Parts of HRW country are expected to catch some moisture this weekend from a storm that is bringing blizzard warnings to the Northern Plains. Commitments of all wheat exports are now 15.4% lower than this time in 2017, as sales continue to disappoint. That would place them at 92% of the USDA projection, compared to the average of 101% and last year’s 103%. Taiwan is seeking 92,975 MT of wheat from the US, with the tender to close on April 18. Russia’s IKAR consulting firm increased their export estimate for Russia to 39.5 MMT.

May 18 CBOT Wheat is at $4.70 3/4, down 10 1/4 cents,

May 18 KCBT Wheat is at $4.91 3/4, down 15 3/4 cents,

May 18 MGEX Wheat is at $6.12 1/2, down 10 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.