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Spring Wheat Dec '18 (MWZ18)

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Spring Wheat Futures Market News and Commentary

Wheat Market News and Commentary

Wheat futures ended the Friday session with most contracts steady to 2 1/4 cents higher. A higher dollar limited those gains with some follow through from buying on Thursday. Nearby CBT was down 1 3/4 cents this week, with KC up 1 1/2 and MPLS 0.75% higher. There is also a little talk about potential winter kill on winter wheat, but percentage of the crop with snow cover and the actual low temps observed on bare fields will be the determinants. The Philippines reportedly purchased 85,000 MT of wheat in tenders this week.Mar 19 CBOT Wheat closed at $5.17 3/4, unch,Mar 19 KCBT Wheat closed at $5.06, up 2 cents,Mar 19 MGEX Wheat closed at $5.74 1/4, up 2 1/4 cents--provided by Brugler Marketing & Management
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