Wheat mini-sized Futures PricesFri, Aug 22nd, 2014
Latest Brugler Wheat mini-sized Report
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Wheat futures are trading 11 to 14 cents higher. Heavy rains and high winds in the upper Midwest have also damaged some standing spring wheat. Gulf bids for CIF SRW wheat slipped four cents for September through January in the midday report, but the August bid was unchanged at 47 cents over Sept futures. According to Strategie Grain, 41% of the EU wheat crop is thought to be feed quality, up from 29% last year. USDA reported net weekly export sales last week totaled 209,200 MT; the smallest weekly figure of this marketing year (which began on June 1). Total export commitments YTD are 43% of the newly increased USDA forecast for 2014/15 exports. The 5 year average for this date would be 41%.
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