Spring Wheat Mar '18 (MWH18)
Price PerformanceSee More
|Period||Period Low||Period High||Performance|
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+23-0 (+3.83%)since 02/14/18
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+6-2 (+1.01%)since 12/14/17
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+55-2 (+9.73%)since 03/14/17
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Wheat futures are mostly 3 to 5 cents higher this morning. They settled with 9 to 15 1/4 cent losses in the MPLS contract on Monday, as Chicago SRW was down 15 to 17 cents. KC HRW contracts were hit the hardest, as the nearby contracts neared limit lower moves, down 25 to 29 1/4 cents. Much needed rains developed across Kansas on Sunday into Monday morning. Parts of south-central KS saw almost 2 inches, with the far western areas receiving little moisture. State condition reports showed improvement in OK ratings for the week that ended on Sunday, with TX and KS shown deteriorating. However, conditions have likely improved in parts of KS since the rating were submitted. Wheat export inspections for the week of 3/15 totaled 443,269 MT, 3.37% larger than the previous week but 31.9% lower than a year ago. Japan is seeking 127,338 MT of wheat from the US and Canada, with the weekly MOA tender to close on Thursday. Most of that total is sought from the US at 91,942 MT.
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