Wheat (P) Futures PricesFri, Nov 27th, 2015
Latest Brugler Wheat (P) Report
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Wheat futures were sharply lower in CHI today, losing 6 to 13 1/2, KC wheat was 4 to 7 cents off, while MPLS lost 3 to 4 1/2 cents. The front month contract in each market was the weakest today. For the week, CHI and KC Dec15 futures lost 22 3/4 cents and 7 cents respectively, but Dec15 MPLS wheat was up a nickel. During the week ending Nov19, 325,700 MT of wheat was sold to foreign purchasers per the USDA Export Sales report, down 55% from the week before. Of the total, 22,000 MT was for 2016/17 delivery, the largest weekly sales total for the next marketing year since the week ending September 17. Mexico and Japan combined accounted for nearly 42% of total sales.
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