Spring Wheat Futures PricesFri, Nov 21st, 2014
Latest Brugler Spring Wheat Report
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Wheat futures are mostly higher on the day, with most contracts trading around a nickel lower than their respective session highs. Cold temperatures in Russia sparked some concern over their winter wheat production for 2015. The US Dollar index is currently up more than 700 points on the day, which brings some added pressure to the export-sensitive US wheat market. Chinese wheat imports were reportedly down 30.6% YTD, and October imports were just over half of what they were a year ago. November Gulf bids for HRW FOB slipped a nickel in the morning report; the December bid was off 2 cents. December options expire today.
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