Home Markets News Weather

Wheat

« Go Back

Wheat futures settled Thursday trade with most KC and CBT contracts 1-3 cents lower, as MPLS was 5-8 cents in the red. This morning’s monthly USDA report did not have very good news for wheat, as 17/18 US ending stocks rose 27 mbu to 960 mbu. Carryover from 16/17 was lowered 3 mbu to 1.181 bbu, and the 17/18 feed and residual number fell 30 mbu. World wheat ending stocks jumped a steep 4.99 MMT to 268.13 MMT, as production in India, Russia and the EU jumped a combined 5.55 MMT. Friday’s USDA Export Sales report is expected to show 17/18 all wheat sales for the week of Oct 5 in the range of 300,000-500,000 MT. Japan purchased 106,045 MT of wheat from Australia, Canada, and the US, as 34,175 MT came from the US.

Dec 17 CBOT Wheat closed at $4.30 1/2, down 2 3/4 cents,

Dec 17 KCBT Wheat closed at $4.26 1/4, down 2 cents,

Dec 17 MGEX Wheat closed at $6.11 1/4, down 7 3/4 cents

« Go Back

Real-time Login
     Get Real-time Data
Edit Preferences      Refresh:   On   Off