Wheat Market News and Commentary

Wheat futures are posting 6 to 10 cent gains in most contracts at midday, as March expires today. All wheat sales totaled 262,973 MT for old crop in the week of 3/7 well shy of estimates. New crop sales totaled 83,038 MT. Nigeria was the lead buyer of both old and new at 106,300 MT and 48,020 MT respectively. ProAgro estimates the Ukraine 2019 wheat harvest at 28.3 MMT, up from 27.6 MMT in 2018. Turkey purchased 290,000 MT of wheat in their tender on Thursday.

May 19 CBOT Wheat is at $4.57, up 9 3/4 cents,

May 19 KCBT Wheat is at $4.42 3/4, up 6 cents,

May 19 MGEX Wheat is at $5.57 1/4, up 6 3/4 cents

--provided by Brugler Marketing & Management




Market Commentary provided by:

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