Spring Wheat Futures PricesMon, Sep 15th, 2014
Latest Brugler Spring Wheat Report
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Wheat futures settled 4 3/4 to 7 1/2 cents lower in Chicago. KC was hit much harder, down 10 1/2 to 23 1/2 cents. Minneapolis was down 13 3/4 to 30 3/4 with the September contract melting down at expiration. The USDA world ending stocks estimates for 2013/14 and 2014/15 were both increased yesterday, adding 2.79 MMT and 3.42 MMT respectively. That put some pressure on EU prices as well as on the US.
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