Wheat Futures PricesMon, Sep 22nd, 2014
Latest Brugler Wheat Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Wheat futures are trading a few cents higher this morning after losing 9 to 14 cents on Friday and 28 to 43 cents for the week last week. Informa is looking for a 16 million bushel increase in the US wheat production figure released by the USDA on September 30, stemming from what they think will be a 0.2 bushel per acre increase in the average yield. Egypt tendered for wheat for October 21-31 delivery on Friday. They bought 55,000 MT of US SRW for shipment 10/21-10/31 according to GASC. Spec funds trimmed their net long position in KC wheat by 5,151 contracts last week, and also extended their big net short in Chicago by another 5,380 contracts.
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.