Wheat (P) Futures PricesThu, Jul 28th, 2016
Latest Brugler Wheat (P) Report
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Wheat futures are currently mixed with HRS futures slightly higher and both HRW and SRW a couple cents lower. The final yield from the US spring wheat tour was 45.7 vs. the 5 year average of 46 bpa. Wheat plantings in Argentina are 88% finished. The French wheat harvest is 41% complete, compared to 68% complete at this time last year. Of the crop yet to be harvested, only 40% is in good to excellent condition, compared to 42% last week and 77% at this time in 2015. Egypt bought 120,000 MT of Russian and Romanian wheat in its latest tender. Average French export prices are up $15/ton since July 1, according to the IGC. French offers on Thursday were $186/ton compared to average offers of US SRW at $176/ton.
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