Spring Wheat Futures PricesMon, Oct 20th, 2014
Latest Brugler Spring Wheat Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Wheat futures are trading between one and five cents lower this morning after all three markets posted weekly gains last week. Informa put its 2015 wheat acreage at 56.4 million acres, which is 400K acres less than the 2014/15 USDA estimate in the October WASDE report. CFTC showed managed money funds were getting less short in CBT wheat, and longer in KC wheat. They were net short -60,063 contracts in CBT wheat, and net long 9,416 contracts in KC wheat as of the end of the reporting period on Tuesday night. KC protein basis was firmer in the 13.5-14.5% range but UNCH otherwise. Canadian exports slowed to 129,100 MT in the most recent reporting week, the slowest of the marketing year. The US isn’t the only one having problems.
InsideFutures Grains News