Spring Wheat Futures PricesWed, Apr 23rd, 2014
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Wheat futures closed 3 to 5 cents higher on the day. The May 14 MGEX contract displayed the most strength and was up a nickel. Japan purchased 108,789 MT of milling wheat (51,419 MT was of US Origin). Oklahoma is confirming more freeze damage from the prior dip into the teens. Paris milling wheat futures for May delivery settled unchanged at 214.75. Pre-report estimates for the USDA Export Sales report in the morning are in the 325,000 to 900,000 MT. The Ukraine ag ministry confirmed that 8.157 MMT of wheat has been exported in the current July-June local marketing year.
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