Wheat (P) Futures PricesThu, Aug 25th, 2016
Latest Brugler Wheat (P) Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Wheat futures were mostly down between 2 and 4 cents. Weekly export sales reported by the USDA this morning were 397,700 MT; towards the lower end of trade expectations. Shipments were down 21% week/week at 564,000 MT. Gulf CIF SRW Barge bids are steady at 30 cents over Sept futures, but asks are up a nickel at 37 over. The US Dollar Index was slightly lower on the day, but is currently about 260 points higher on the week. Federal Reserve Chairwoman Janet Yellen is scheduled to deliver a speech in Jackson Hole, WY at 9AM CDT. IGC raised its world wheat production forecast for the 2016/17 crop by 8 MMT to 743 MMT.
InsideFutures Grains News