Wheat Market Commentary

Wheat futures are mostly 1 to 2 cents lower in the Chicago and KC contracts this morning. Minneapolis spring wheat is fractionally higher. They settled the Thursday session with most KC and MPLS contracts 1 to 2 cents lower. CBT SRW was the strongest yesterday, steady to 2 3/4 cents higher in the front months. Ahead of today’s delayed Export Sales report, traders are estimating 400,000-650,000 MT of wheat was sold in the week ending on November 8. Japan purchased 120,226 MT of wheat from Australia, Canada and the US in their weekly tender, with 50,327 MT US origin. Saudi Arabia is seeking 475,000 MT of wheat for Jan-Mar 2019.

--provided by Brugler Marketing & Management




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