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Wheat May '19 (ZWK19)

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[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [CBOT]
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[[ timeframe ]] futures price quotes as of Thu, Feb 21st, 2019.
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Wheat Futures Market News and Commentary

Wheat Market News and Commentary

Wheat futures are following the rest of the grain complex, with gains of 7 to 12 3/4 cents in most contracts on Thursday. USDA forecasts 2019 wheat acreage at 47 MMT in their annual Ag Outlook Forum, down 800,000 acres from last year. Friday’s Export Sales report is projected to show 2-3 MMT in all wheat sales for the weeks of 1/10-2/14. That implies a 333,000-500,000 MT per week in sales on average. Taiwan is seeking 110,000 MT of US wheat in a tender that is due next Tuesday. The IGC trimmed their world wheat ending stocks for 18/19 by 1 to 262 MMT, mainly on lower production. Mar 19 CBOT Wheat is at $4.90, up 9 1/4 cents,Mar 19 KCBT Wheat is at $4.61, up 11 cents,Mar 19 MGEX Wheat is at $5.61 1/2, up 12 3/4 cents --provided by Brugler Marketing & Management
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