Wheat Market Commentary

Wheat futures posted 1 to 2 cent gains in the nearby CBT and KC contracts, with MPLS up 3 to 4 1/2 cents. The USDA reported a private export sale of 120,000 MT of HRS wheat to Bangladesh for 18/19 delivery this morning. All wheat export inspections were tallied at 423,270 MT by the USDA for the week of October 4. That was 13.79% larger than the week prior and 19.14% above the same week in 2017. The weekly Crop Progress report indicated that winter wheat planting was 57% complete vs. the 54% average, with emergence at 30%. Japan’s MOA is seeking 115,685 MT of wheat from the US and Canada in the weekly tender, with 63,093 MT sourced from the US.

DEC 18 CBOT Wheat closed at $5.15, up 1 cent,

DEC 18 KCBT Wheat closed at $5.19 1/2, up 2 cents,

DEC 18 MGEX Wheat closed at $5.93 1/2, up 4 1/2 cents

--provided by Brugler Marketing & Management (402) 289-2330

Market Commentary provided by:

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