Wheat Futures PricesWed, Apr 23rd, 2014
Latest Brugler Wheat Report
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Wheat futures are trading 2 to 5 cents lower. Preliminary OI was up 1,042 contracts. Japan is tendering for around 108,000 MT of wheat. After the close on Monday, USDA reported Washington was at 65% planted vs. 46% the previous week and the 5 yr average of 55%. Idaho is currently 79% planted vs. 56% the previous week and the 5 yr average of 48%. The CME announced daily trading limits as of May 1 for CBOT Wheat futures will be decreased from 60 cents to 45 cents. These limits will be in effect until November. Oklahoma is confirming more freeze damage from the prior dip into the teens.
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.
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