The Tuesday wheat trade left futures in the black, though SRW was left out some. CBT SRW ended with 1 3/4 to 2 1/2 cent gains in the front months as May went home a nickel under the session high. KC HRW prices closed 1.2% to 1.4% higher with double digit gains. Spring wheat futures on the MGE were also up by double digits on Tuesday as the front months ended up by as much as 11 1/2 cents.
State winter wheat conditions scored a 243 on the Brugler500 index for KS on 3/26. That was down from 246 last week. Texas conditions dropped 15 points to a 250 on the index. In Oklahoma, conditions improved 20 points on the week to a Brugler500 score of 287.
May 23 CBOT Wheat closed at $6.99 3/4, up 1 3/4 cents,
Jul 23 CBOT Wheat closed at $7.11 1/2, up 2 cents,
Cash SRW Wheat was $6.44 1/4, up 1 3/4 cents,
May 23 KCBT Wheat closed at $8.72 1/2, up 12 1/4 cents,
Cash HRW Wheat was $8.36 7/8, up 12 cents,
May 23 MGEX Wheat closed at $8.82 1/2, up 9 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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