Wheat Market News and Commentary

Wheat futures settled Wednesday with KC contracts steady to fractionally mixed. CBT SRW was up 1 to 2 1/2 cents, with MPLS 2 1/2 to 4 1/2 cents higher. Frigid temps are expected across much of the Northern Plains this weekend, though many of the areas did receive snow cover from last weekend’s storm. With the government still in partial shutdown mode, Export Sales will not be released on Thursday morning. A South Korean feed importer purchased 65,000 MT of optional origin wheat on Wednesday. A Chinese auction of state reserves saw 99,961 MT, or 3.3% of the offered amount, sold on Wednesday. Chinese officials noted stronger than expected government auction sales in 2018 and suggested that the oldest corn in their inventory would be gone or rotated by the end of 2019.

Mar 19 CBOT Wheat closed at $5.12 1/2, up 1 1/2 cents,

Mar 19 KCBT Wheat closed at $4.95 1/2, unch,

Mar 19 MGEX Wheat closed at $5.65, up 3 cents

--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.