KC wheats ended the day 2.8% to 3.4% higher across the front months, with a 30 cent gain in March to back over $9. For the week the KC wheat market was a net 36 cents higher. SRW was up by 2.9% to 3.8% on the day, with a weekly gain of 27 1/2 cents in the March contract. Spring wheat futures settled Friday with 9 1/2 to 13 cents higher. Marh spring wheat was 8 3/4 cents higher for the week from Friday to Friday.
USDA reported 131,389 MT of wheat was sold for export during the week that ended 2/02. Accumulated commitments were 77.3% of the forecast. The weekly report also had new crop sales totaling 310,477 MT, which is 15% behind last year's pace.
Mar 23 CBOT Wheat closed at $7.86, up 28 3/4 cents,
May 23 CBOT Wheat closed at $7.95 3/4, up 27 3/4 cents,
Cash SRW Wheat was $7.26 3/8, up 28 3/4 cents,
Mar 23 KCBT Wheat closed at $9.09, up 30 cents,
Cash HRW Wheat was $8.72 1/8, up 29 5/8 cents,
Mar 23 MGEX Wheat closed at $9.30 1/4, up 13 cents,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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