Wheat (P) Futures PricesMon, Oct 20th, 2014
Latest Brugler Wheat (P) Report
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Wheat futures closed mostly steady to a couple cents lower on the day. For KC wheat, the deferred contracts managed to gain as much as a couple cents today. Export inspections were 481,878 MT, up 25,911 MT from last week, but 101,138 MT less than the same week a year ago. Current YTD wheat inspections are only about two thirds of what they were a year ago. The US winter wheat crop is now estimated to be about 76% planted and the 5 yr average for this date is 77%. Typically 50% of the crop has emerged by this date, and this year it is 6 points ahead of normal at 56% emerged.
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