Wheat Market Commentary

Wheat futures are mostly 2 cents lower this morning, with the 2019 MPLS spring wheat futures in the plus column. They posted 1 to 2 cent gains in the nearby CBT and KC contracts, with MPLS up 3 to 4 1/2 cents. Export inspections hit 423,270 MT for the week of October 4. That was 13.79% larger than the previous week and 19.14% above the same week in 2017. The weekly Crop Progress report indicated that winter wheat planting was 57% complete vs. the 54% average, with emergence at 30%. Japan’s MOA is seeking 115,685 MT of wheat from the US and Canada in the weekly tender, with 63,093 MT sourced from the US.

--provided by Brugler Marketing & Management (402) 289-2330

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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Web: http://bruglermarketing.com

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