Wheat Dec '19 (ZWZ19)
Wheat Futures Market News and Commentary
Wheat futures are steady to 5 cents higher in most contracts at midday. The weekly Crop Progress report showed 94% of the spring wheat crop was harvested by 10/13, a 3% improvement for the week (we are normally complete by now). Heavy snowfall last week likely limited harvest activity and will make it harder for getting the remaining 7% of the crop in ND out. Some may be abandoned due to heavy snow and poor quality to begin with. Winter wheat planting was 65% complete, matching the normal pace, and 41% emerged. Japan in tendering for 115,835 MT of wheat from UA, Canada, and Australia. The tender will close on Thursday, with 35,590 MT US specific. Egypt’s GASC purchased 405,000 MT of wheat from Russia (285,000 MT), Ukraine (60,000 MT) and France (60,000 MT). No US wheat was offered. DEC 19 CBOT Wheat is at $5.11 3/4, up 4 3/4 cents, DEC 19 KCBT Wheat is at $4.23 1/4, up 2 cents, DEC 19 MGEX Wheat is at $5.46 1/2, up 1 cent --provided by Brugler Marketing & Management
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- Morning Grain Market Comments
While it has not spread to everyone just yet, it would appear that the bulls in the corn market have contracted a case of the harvest flu. We had suggested...
- Grains Report 10/16/19
DJ USDA Grain Inspections for Export in Metric Tons – Oct 15 COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.