Wheat (P) Futures PricesThu, Aug 27th, 2015
Latest Brugler Wheat (P) Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Wheat futures are steady to slightly higher this morning. The Thursday session had prices at least a penny lower in all markets, with losses as much as 6 cents in CHI. The Australian Weather Bureau estimates that Aussie wheat production could reach 26 MMT, matching USDA estimates. They see El Nino rains aiding Western Australia while seeing dryness in the east. Other Aussie estimates have been as low as 21 MMT but creeping higher. Dryness is intensifying in India, as the monsoon has dwindled somewhat. Egypt purchased 60,000 MT of wheat from Russia and scheduled a tender for an additional 60,000 MT of optional origin wheat overnight. Results are expected later this morning.
InsideFutures Grains News