Wheat Dec '18 (ZWZ18)
Price PerformanceSee More
|Period||Period Low||Period High||Performance|
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+24-4 (+4.77%)since 03/23/18
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+45-2 (+9.18%)since 01/25/18
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+18-2 (+3.51%)since 04/25/17
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Wheat futures saw gains of 6 to 7 cents in most MPLS contracts on Wednesday. CBT and KC led the way, 12 to 15 cents higher. Scattered reports of freeze damage in KS helped. The 5-day QPF shows most of the Southern Plains fairly dry over the next few days. After last week’s Export Sales report showed a net reduction in old crop wheat sales, this week’s report is estimated to have a net reduction of 100,000 MT to sales of 200,000 MT. New crop wheat is expected to see sales of 150,000-350,000 MT in the week that ended April 19. The annual Hard Winter Wheat Quality tour will take place next week, as analysts will look to get a better idea of the crop’s quality.May 18 CBOT Wheat closed at $4.86 1/4, up 13 3/4 cents,May 18 KCBT Wheat closed at $5.07, up 14 1/2 cents,May 18 MGEX Wheat closed at $5.99 1/2, up 6 3/4 cents
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