Spring Wheat Futures PricesTue, Aug 4th, 2015
Latest Brugler Spring Wheat Report
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Wheat futures finished 3 to 7 cents lower. Prices slipped again today, largely due to lackluster demand for US wheat, as evidenced in the Export Inspections report on Monday. September ’15 KC wheat closed 20% below its June 30th high today. September MPLS wheat is not far behind, down 19.5% in the same period. As of Sunday night the spring wheat crop was 8% harvested, (5yr avg is 11%). The Washington wheat harvest is well ahead of schedule, with 55% of spring wheat harvested (5yr avg is 8%), and 82% of winter wheat harvested (vs. 32%). Winter wheat harvest was 93% harvested as of August 2nd, 8 points ahead of normal. Egypt is tendering for wheat tomorrow for September 11-20 delivery.
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