Wheat Market Commentary

Wheat futures are 2 to 3 cents lower on light profit taking, aided by a weaker dollar. The weekly Crop Progress report indicated that winter wheat planting was 57% complete vs. the 54% average, with emergence at 30%. State by state progress shows KS @ 58% complete (49% avg), with OK 60% and TX 54% planted, both ahead of normal. That may change with this week’s weather pattern. The average trade estimate for world wheat 18/19 ending stocks on Thursday is 261.2 MMT, which would be fairly stead with last month’s projection. US stocks will be higher, due to the September 28 data.

Dec 18 CBOT Wheat is at $5.11 3/4, down 3 1/4 cents,

Dec 18 KCBT Wheat is at $5.17 1/4, down 2 1/4 cents,

Dec 18 MGEX Wheat is at $5.91 1/4, down 2 1/4 cents

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

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.