Wheat (P) Futures PricesTue, May 24th, 2016
Latest Brugler Wheat (P) Report
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Wheat futures are trading mostly 1 or 2 cents higher this morning. They settled Tuesday trade with most SRW contracts a couple pennies higher, and most HRW and HRS contracts finishing steady to slightly lower. Both the WN16-CN16 and the KWN16-CN16 spreads logged new life of contract lows on Tuesday as wheat tries to work itself into feed rations. The Brugler500 Index rating for all US winter wheat is the best it has been for this week of the year since 2010. That reinforces ideas of record or near record wheat yield if wet weather diseases can be kept in check.
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