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Spring Wheat Dec '17 (MWZ17)

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Brugler report

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Wed Jul 26, 4:28PM CDT
Wheat futures posted fractional to 4 1/2 cent gains in most KC and CBT contracts on Wednesday, with MPLS 10 to 13 cents higher in the nearby contracts. Ahead of Thursday’s Export Sales report, traders are expecting 17/18 wheat export sales to be in the range of 350,000-550,000 MT, as last week’s report show sales blowing by analysts’ estimates. The Spring wheat tour is currently underway, with final results expected Thursday. The Day 1 average was 37.9 bpa vs. last year at 43.1.The 5 year average is 45.7 bpa. Results from Day 2 will be out later this afternoon. Sep 17 CBOT Wheat closed at $4.77 3/4, up 3 3/4 cents, Sep 17 KCBT Wheat closed at $4.75 1/2, up 2 3/4 cents, Sep 17 MGEX Wheat closed at $7.30, up 12 1/2 cents
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