Home Markets News Weather

Wheat Market Up Double Digits

« Go Back

HRW futures are up the most at midday, with futures 8 3/4 to 11 3/4 cents higher so far. Chicago SRW wheat is gaining 7 1/4 to 10 3/4 cents. HRS futures are also higher so far with gains of 8 to 13 1/2 cents. All wheat planted acreage was 44.250 million acres, after a modest cut to spring wheat. Winter wheat acreage was reported at 30.55 million acres, down 225k acres from the prior report. Spring wheat acreage was 12.2m acres, down by 390k acres from March’s intentions. Wheat stocks on June 1 were reported at 1.044 bbu, which was well above the trade average guess of 987. NASS reported that, as of June 28, 41% of winter wheat was harvested. Winter wheat conditions were 2 points higher on the week to 341 on the Brugler500 index. MT and WA winter wheat ratings were above 400 on the Brugler500 index, but CO was below 300. Spring wheat ratings were down by 6 points on the Brugler500 index to 371. That is down 14 points from the initial ratings. Spring wheat was 36% headed as of June 28. The 5-yr average is 45%. Jordan purchased 60,000 MT of wheat at $229.99/tonne for November delivery. South Korea purchased 60,000 MT of wheat at $215/tonne for November delivery. U.S. HRW wheat FOB prices are @ $186/tonne, a $10/MT discount to Russia.

Jul 20 CBOT Wheat is at $4.92 3/4, up 7 1/4 cents,

Jul 20 KCBT Wheat is at $4.40 1/2, up 11 3/4 cents,

Jul 20 MGEX Wheat is at $5.05, up 8 cents,

--- provided by Brugler Marketing & Management

« Go Back

Real-time Login
     Get Real-time Data
Edit Preferences      Refresh:   On   Off