Wheat Market News and Commentary

Wheat futures is mixed in most contracts at midday. KC is fractionally to 2 cents lower, with CBT fractionally to 2 cents higher. MPLS is fractionally mixed. Total old crop export commitments are now 3.1% larger than the same time in 2018. They are now 89% of USDA’s export projection, lagging the normal pace of 99%. Taiwan purchased 110,000 MT of US wheat in their tender on Friday. South Korean importers purchased a total of 125,000 MT of optional origin wheat in tenders on Friday.

May 19 CBOT Wheat is at $4.67 1/4, up 3/4 cent,

May 19 KCBT Wheat is at $4.45 3/4, down 1 1/4 cents,

May 19 MGEX Wheat is at $5.72, up 3/4 cent

--provided by Brugler Marketing & Management




Market Commentary provided by:

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