Wheat Futures PricesFri, May 27th, 2016
Latest Brugler Wheat Report
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Wheat futures posted double digit gains in all three markets. Weekly data from the USDA showed net reductions for old crop of 9,900 MT, largely due to switches and deferrals. The marketing year ends May 31. This sales data is through May 19. Export commitments are 98% of the full year WASDE forecast. They would typically be 105% by now. New crop bookings were on the low end of expectations at 345,900 MT.The IGC bumped up its projection for world wheat production by 5 MMT to 722 MMT for 2016/17, with higher ideas for the US, Russia and the EU.
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.