Wheat Market News and Commentary

Wheat futures are steady to 2 cents lower in MPLS, with winter wheat contracts 4 to 8 cents lower at midday. A stronger US dollar is not helping to keep US exports competitive on the international market, after US and French FOB prices narrowed on Wednesday. French milling wheat on the Matif was lower again on Thursday. All wheat export sales in the week of Feb 28 totaled 621,696 MT for 18/19 with 204,987 MT for new crop bookings. The old crop total was 58.81% larger than the same week last year and better than the trade had expected. Mexico bought 156,600 MT, with South Korea at 127,500 MT.

Mar 19 CBOT Wheat is at $4.36 1/4, down 4 1/4 cents,

Mar 19 KCBT Wheat is at $4.31, down 1/4 cent,

Mar 19 MGEX Wheat is at $5.57, unch ,

--provided by Brugler Marketing & Management




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