Spring Wheat Dec '17 (MWZ17)
Price PerformanceSee More
|Period||Period Low||Period High||Performance|
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-29-2 (-4.65%)since 11/14/17
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-32-6 (-5.18%)since 09/14/17
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+44-0 (+7.92%)since 12/14/16
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Wheat futures settled the day with 8-9 cents gains in the HRW and HRS contracts, as SRW was 4-5 cents higher. Pre-weekend profit taking helped. Nearby KC was down 4.05% on the week, with MPLS 1.47% lower and CBT down 1.6%. The 5-day QPF now shows most of the rain chance for early next week confined to the eastern parts of the Southern Plains, with western KS now showing little to no rainfall. All wheat export sales were reported at 265,208 MT during the week of 3/15, on the high end of most analysts’ expectations. That is 62.9% larger than last week’s total, but still 36.6% smaller that this time last year. New crop sales were shown at 163,383 MT. Exports of all wheat were tallied at 472,845 MT, up 41.23 % from a week ago but 27.11% lower than this time last year.May 18 CBOT Wheat closed at $4.60 1/4, up 4 1/2 cents,May 18 KCBT Wheat closed at $4.79 1/4, up 8 1/4 cents,May 18 MGEX Wheat closed at $6.02 3/4, up 9 3/4 cents
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