Wheat mini-sized Futures PricesTue, Apr 15th, 2014
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Wheat futures closed higher on the day, registering gains between 21 and 23 cents. Ideas of freeze damage in the Plains and additional Russian incursions in Ukraine provided the market with a firm bid. Trader talk is that South Korea’s NOFI group bought 65,000 tons of optional origin feed wheat for Sep/Oct arrival on Monday. Japan is tendering for 136,200 MT of food grade wheat in the weekly MOA tender. After the close Monday, USDA reported that Idaho was 56% planted compared to 31% the previous week and the 5 yr average of 31%. Washington was reported at 46% planted vs. 20% the previous week and the 5 yr average of 42%.
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