Spring Wheat Dec '19 (MWZ19)
Spring Wheat Futures Market News and Commentary
So far this morning wheat futures are fractionally mixed. The overnight ranges were 4 to 5 cents wide, but to no net effect. Wheat finished Wednesday’s session with sharp losses that erased most of Tuesday’s advance. Kansas City wheat lead the way down by as much as 14 cents in nearby contracts. Nearby Chicago wheat closed with 7 3/4 cent losses to as low as 8 cents down. MLPS also lost in the front months, finishing 4 1/2 to 7 cents lower on the day. Jordan released an international tender for 120,000 MT of wheat. Egypt is also tendering for wheat for January 5-15 delivery. Results are expected later today.
-- provided by Brugler Marketing & Management
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