Spring Wheat Futures PricesWed, Apr 26th, 2017
Latest Brugler Spring Wheat Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Wheat futures settled mixed on Wednesday. MPLS was the strongest, 4 to 6 1/4 cents higher in the front months, with KC mostly fractionally higher. CHI was steady to 3 3/4 cents in the red. There is HRS area that is expected to see snow over the next couple days, with places in ND looking at close to 8” of snow. Some HRW acres as far south as central Kansas are forecast to see sub-freezing temperatures tonight. Wheat export sales are thought to be 300,000-500,000 MT for old crop sales for the week of April 20, with US new crop sales ranging 50,000-250,000 MT. Iraq is tendering for 50,000 MT of Australian, Canadian, or US wheat. There is speculation that wheat production in Russia could drop as much as 8.5% to 67.1 MMT due to difficult conditions for winter wheat.
InsideFutures Grains News