Wheat Market News and Commentary

Wheat futures are trading 2 1/2 to 5 cents lower in most contracts on Monday. Weak export data is offsetting a lower dollar. Export Inspections data, which is still being published, showed that wheat shipments in the New Year’s week of Jan 3 totaled 260,134 MT. That was down 31.58% from last week but up 10.59% from the same week last year. The Philippines saw the most of the total at 87,297 MT. Following their rejection of an Argentine cargo, Algeria is tendering for 50,000 MT of wheat for late Feb and early March delivery.

Mar 19 CBOT Wheat is at $5.14 1/2, down 2 1/2 cents,

Mar 19 KCBT Wheat is at $5.01, down 5 cents,

Mar 19 MGEX Wheat is at $5.67, down 3 1/4 cents

--provided by Brugler Marketing & Management




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