Wheat (P) Futures PricesFri, Mar 6th, 2015
Latest Brugler Wheat (P) Report
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Wheat futures broke ranks with corn and finished 4-6 cents higher on pre-weekend profit taking type buying and concerns that the expected warm up in the central US could bring wheat out of dormancy and make it more vulnerable to a late freeze. The Ukrainian weather service is indicating the 15% of the wheat crop there has suffered winterkill (well above the average 10%) and estimates production in the 22 MMT range vs. 24.3 MMT last year. Russian production also is expected to be smaller in 2015.
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