Wheat (P) Futures PricesTue, Nov 25th, 2014
Latest Brugler Wheat (P) Report
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Wheat futures posted solid gains on the day, up 9 to 13 cents in the front month contracts. The front month contracts for both KC and MGE wheat traded higher today than they had since early September. The US Dollar index was down more than 200 points on the day. Winter wheat condition ratings slipped 3 points lower on the Brugler500 Index, with some of the cold weather damage starting to show up, particularly in WA, NE and OH. Cold temperatures are also challenging the Russian crop production projections. The US crop is now estimated to be 92% emerged, which is 3 points ahead of the 5yr average.
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