Wheat Futures PricesFri, Aug 22nd, 2014
Latest Brugler Wheat Report
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Wheat futures are trading 1 to 3 cents higher, finding support from the Stats Canada 2014/15 all wheat production figure of 27.704 MMT. The range of trade estimates was between 27.8 MMT and 29.9 MMT, so this was a friendly figure. Heavy rains and high winds in the upper Midwest have also damaged some standing spring wheat. USDA reported net weekly export sales last week totaled 209,200 MT; the smallest weekly figure of this marketing year (which began on June 1). Total export commitments YTD are 43% of the newly increased USDA forecast for 2014/15 exports. The 5 year average for this date would be 41%.
InsideFutures Grains News
Due to grow seasons and seasonal fluctuations in wheat supply and demand, wheat futures tend to be highest from August through September, and lowest from January through May. These are not guaranteed trends, however, so traders of wheat futures must stay abreast of fluctuations in wheat prices and wheat quotes. Our up-to-date wheat futures table provides a summary of wheat prices with links to wheat quotes.