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Spring Wheat Mar '18 (MWH18)

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Spring Wheat Futures Market News and Commentary

Wheat Market News and Commentary

Wheat futures are mostly 2 to 5 cents higher this morning with MPLS spring wheat the firmest as the spreads snap back. They ended the day with most winter wheat contracts 2 to 4 1/2 cents higher, as MPLS was down 1 to 2 1/2 cents lower. All wheat export inspections were reported at 516,643 MT in for the week that ended on 1/17. That was down 5.52% from the prior week but 21.96% larger than the same week in 2018. Egypt was the top US wheat export destination for the week @ 117,542 MT. It has been a while since we said that! Private forecaster SovEcon is estimating Russian wheat exports for January will drop to 2.3 MMT from 4.3 MMT in December.--provided by Brugler Marketing & Management
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