Wheat (P) Futures PricesThu, Jul 30th, 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 finished mostly a penny to 4 cents lower on Thursday afternoon. September CHI wheat was the sole contract higher, only up 1/4 of a cent. The final Wheat Quality Council average yield estimate from their HRS tour is 49.9 bpa, up from the 2014 yield of 48.6 bpa, and the five year average of 45.2 bpa. USDA reported net export sales increased by 39% week over week, for a total of 700,400 MT during the week ending July 23. This is the highest quantity of sales in seven weeks. Shipments dropped by 37% however. The International Grains Council in London trimmed its global wheat production estimate by 1 MMT to 710 MMT (July USDA= 721.96 MMT), blaming unfavorable growing conditions in Canada and the EU.
InsideFutures Grains News