Wheat Market News and Commentary

Wheat futures are mostly 1 to 3 cents higher this morning. They 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 WCB and Plains this weekend. Northern KS and eastern NE 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.

--provided by Brugler Marketing & Management




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