Wheat Market Still 3 to 4 Lower
BRUG - Thu Apr 18, 12:13PM CDT

Wheat futures are trading mostly 4 to 5 cents lower in the CHI and KC contracts at midday, with MPLS spring wheat 1/4 to 1 cent lower. Census trade data, released on Wednesday morning, showed the largest wheat exports for February since 2012/13 at 2.262 MMT. That was a 61.97% jump from 2018 and 12.95% larger than January. The range of estimates for old crop wheat export sales in the week of April 11 had been 200,000-400,000 MT. USDA confirmed 317,700 MTs were sold that week. Analysts also expected to see 150,000-300,000 MT for new crop bookings. The weekly Export Sales report showed 227,800 MT sold for 2019/20 delivery.

May 19 CBOT Wheat is at $4.42 1/2, down 4 1/2 cents,

May 19 KCBT Wheat is at $4.17, down 3 1/2 cents,

May 19 MGEX Wheat is at $5.27 1/4, down 1/4 cent

--Provided by Brugler Marketing & Management

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.