Wheat Futures PricesWed, Jul 30th, 2014
Latest Brugler Wheat Report
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Wheat futures are trading 3 to 6 cents higher at midday. Trader talk is that the Buenos Aires Cereal Exchange lowered their estimate for planted wheat acres in Argentina from 1.1 M acres to 1.03M. South Africa lowered their planted wheat acres to 1.2M acres, down 4.3% from the previous year. Private exporters reported to the U.S. Department of Agriculture export sales of another 205,500 metric tons of wheat to Nigeria. Reuters reports that Egypt bought 175,000 MT of Russian wheat at its overnight tender for mid-September delivery. The US was not expected to be competitive due to freight costs.
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.