Wheat Market Commentary

Wheat futures are showing 3 to 5 cent losses in most winter wheat contracts at midday and MPLS is fractionally lower. NASS reported winter wheat planting was 89% complete as of Sunday, still lagging the 94% average. KS is only 90% planted with the average at 98% for this time. Most SRW areas are still lagging as well. Emergence was at 77%, behind the normal pace of 83%, with all 18 reported state lagging. Conditions improved 3% to 54% gd/ex with the Brugler500 up the same at 348. Weekly Export Sales data will be released on Friday due to Monday’s holiday.

Dec 18 CBOT Wheat is at $5.03, down 4 3/4 cents,

Dec 18 KCBT Wheat is at $4.83 1/4, down 3 1/4 cents,

Dec 18 MGEX Wheat is at $5.78, 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
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E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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