Wheat Futures PricesTue, Apr 25th, 2017
Latest Brugler Wheat Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Wheat futuresended the day higher in most contracts. MPLS was the strongest, mostly 10 to 13 cents higher, with reports of snow in that region and also in Canada. KC was up 8 3/4 to 10 1/2 cents in the nearby contracts. CHI was 6 to 7 3/4 cents in the green. Spring wheat was reported at 22% planted, well behind the average of 34% and last year at 40%. KS, OK, CO, and NE winter wheat conditions were raised 1% for good/excellent from the week previous to 52%, 44%, 42%, and 54% respectively. The CME is planning on implementing a variable storage rate (VSR) mechanism for HRW futures beginning March 18, 2018, subject to CFTC approval. The intent will be to improve convergence at delivery time.
InsideFutures Grains News
Due to grow seasons and seasonal fluctuations in wheat supply and demand, wheat futures tend to be highest from August through September, and lowest from January through May. These are not guaranteed trends, however, so traders of wheat futures must stay abreast of fluctuations in wheat prices and wheat quotes. Our up-to-date wheat futures table provides a summary of wheat prices with links to wheat quotes.