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Wheat May '19 (ZWK19)

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Wheat Futures Market News and Commentary

Wheat Market News and Commentary

Wheat futures posted 1 to 5 cent losses in most winter wheat contracts, with MPLS steady to 2 cents lower. Nearby KC hit contract lows today and was down 3.59% on the week, with March CBT hitting a 1 year low and losing 2.51% this week. MPLS was actually the leader to the upside, posting a weekly gain of 0.79%. Due to Presidents day on Monday, the markets will be closed, with the open @ 7:00 PM CST Monday evening. Paris milling futures took another hit on Friday, down 1.77% on the day, as they lost 3.82% on the week despite booking export sales to Algeria and Tunisia. Japan purchased 113,138 MT of US, Canadian, and Australian wheat in their weekly MOA tender.Mar 19 CBOT Wheat closed at $5.04 1/4, down 2 3/4 cents,Mar 19 KCBT Wheat closed at $4.76 1/2, down 5 cents,Mar 19 MGEX Wheat closed at $5.73, down 1 3/4 cents--provided by Brugler Marketing & Management
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