KCBT Red Wheat (P) Futures PricesTue, Mar 11th, 2014
Latest Brugler KCBT Red Wheat (P) Report
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Wheat futures are trading 5 to 21 higher in the Mar 14 contracts CBOT and MGEX contracts. Rail logistics issues and political unrest in Ukraine both continue to provide added support to the wheat market. Preliminary OI in CBOT wheat was up a modest 826 contracts. There are also individual trader ideas that some SRW which had been protected by snow cover is now vulnerable to freeze damage, and HRW areas will see below normal precip over the next two weeks based on current forecasts.
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