Spring Wheat Futures PricesThu, Mar 6th, 2014
Latest Brugler Spring Wheat Report
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Wheat futures closed 3 to 39 cents higher on the day. The very thinly traded Mar 14 MGEX contract led the way and gained 39 cents (on very low volume of 5 lots). Trader talk is that Japan purchased 111,000 MT of Wheat. The purchase was made up of Wheat from both the US and Canada. There have been no deliveries against the Mar 14 CBOT contract. The trade average-guess for US wheat ending stocks in the March 10 USDA report is 570 million bushels, according to a Bloomberg survey. Weekly USDA export sales for wheat were expected to be between 250 – 700,000 MT. USDA this morning put the actual figures at 556,100 MT for 2013/14.
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