Wheat Market News and Commentary

Wheat futures are posting strong 7 to 8 1/4 cent gains in the winter wheat contracts on Friday, with MPLS up 4 to 5 cents. US wheat at the moment is close to $1.50 under Black Sea wheat prices at the ports. Tunisia, Morocco and Jordan are all active in the market after Egypt made their big purchase earlier in the week. DTN reported their HRW cash index at $4.73 on Thursday evening, 93 cents above the same time at year ago. The Argentine wheat crop is 95.6% harvested as reported by BAGE, 0.4% below this time in 2018. Total harvested production has totaled 17.948 MMT. Paris wheat milling futures were up 0.61% on the day.

Mar 19 CBOT Wheat is at $5.22, up 8 1/4 cents,

Mar 19 KCBT Wheat is at $5.06 3/4, up 8 cents,

Mar 19 MGEX Wheat is at $5.68 3/4, up 4 3/4 cents

--provided by Brugler Marketing & Management




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