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Wheat Bouncing After This Week’s Losses

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Wheat futures are showing 7 to 13 cent gains in most contracts on Friday, after a several rounds of losses this week. Shorts are taking some of their winnings off the table ahead of the weekend. Wheat export commitments are now 22.2% larger than the same week in 2018. They are 30% of USDA’s projected total, with the average at 35% for this date. The French wheat harvest is now 33% complete, a 24% move over the past week. The French crop has been stressed by hot and dry temps, with yield estimates declining.

SEP 19 CBOT Wheat is at $5.06 1/2, up 13 cents,

SEP 19 KCBT Wheat is at $4.43 3/4, up 11 cents,

SEP 19 MGEX Wheat is at $5.32 1/2, up 7 cents

--provided by Brugler Marketing & Management

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