Wheat futures are mostly 3/4 to 2 cents per bushel lower this morning. They closed Wednesday with most contracts 1 1/2 to 3 1/2 cents higher. This morning’s USDA Export Sales report is expected to show old crop wheat sales pick up for the week of Jan 4 to 250,000-450,000 MT. Last week’s marketing year low (MY low) sales totaled just 130,963 MT. December 1 wheat stocks are expected to be shown at 1.849 billion bushels this Friday, nearly 11% lower than the same time last year. The USDA is seen reducing world ending stocks slightly to 268.1 MMT.

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.