Spring Wheat Futures PricesThu, Feb 11th, 2016
Latest Brugler Spring Wheat Report
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Wheat futures are trading mixed within a couple cents of even money at midday, after closing around 3 cents higher in CHI on Wednesday afternoon. The USDA reported that there were 299,269 MT worth of wheat bookings during the week ending last Thursday. This was nearly double the total from the week before, but still 2.5% below the previous four week average. A pre-report survey of trade analysts put ideas at 150,000 to 400,000 MT. Mexico accounted for 83,700 MT worth of sales. Japan purchased 146,000 MT of US, Canadian, and Australian wheat for Mar 21 to April 20 delivery. The US was the source for 31,750 MT of white wheat, and 22,630 MT of HRW.
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