KCBT Red Wheat (P) Futures PricesFri, Dec 13th, 2013
Latest Brugler KCBT Red Wheat (P) Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Wheat futures are trading 2 cents lower at midday. The December 13 contracts for all 3 classes expire today. Wires reported that an Australian based consulting firm has increased their estimate for Western Australia wheat production from 13.2 to 14.5 MMT. There were 4 contracts delivered vs. Dec in Chicago overnight, with Dreyfus again the stopper. There were 44 deliveries vs. KC December, with all but 1 stopped by an FC Stone customer. Total US export commitments are at 77% of the USDA forecast for the year, about 6 points ahead of the five year average for this point in the year.
InsideFutures Grains News