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Wheat Mar '17 (ZWH17) CBOT

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Brugler report

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Wheat futures closed higher in CBT and KC contracts, but sharply lower in MPLS contracts. MPLS was down 16 at $5.66 after touching $5.90, while March 17 CBT wheat closed at 4.33 1/2, its highest price since early November. March17 KC wheat settled at its highest price since August 22. Japan is seeking 117,605 MT of US and Canadian wheat, including 68,055 MT of US specific wheat, with the tender to close this Thursday. Weekly export inspections for wheat were 344,436 MT, up nearly 31% vs. last week and nearly 1% larger than the same week last year. Morocco awarded 359,998 MT of imports for US soft wheat under the preferential tariff quota. Mar 17 CBOT Wheat settled at $4.33 1/2, up 7 1/2 cents, Mar 17 KCBT Wheat settled at $4.52, up 3 cents, Mar 17 MGEX Wheat settled at $5.66 1/2, down 16 1/4 cents
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