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Hard Red Wheat Mar '17 (KEH17) KCBT

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Brugler report

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Wheat futures traded mixed on Wednesday. MPLS gained back 7 cents higher from losses yesterday, and March17 KC wheat is slightly higher 1/4 cent. March 17 CBT was down 2 1/2 cents after reaching a high not seen since early November on Tuesday. DTN's national average cash SRW price is the highest it has been since mid August. Their HRW average cash price is the highest it has been since the week of June 20, and the HRS average cash price is back up to its mid July level. European wheat futures were lower on the day. Dow Jones reports Jordan bought 50,000 MT of wheat in a state-run tender. Midday US Gulf SRW barge bids (CIF) were unchanged, but asks for January shipments were 4 cents higher at 52 cents over March futures. Mar 17 CBOT Wheat settled at $4.31, down 2 1/2 cents, Mar 17 KCBT Wheat settled at $4.52 1/4, up 1/4 cent, Mar 17 MGEX Wheat settled at $5.73 1/2, up 7 cents
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