Wheat Market News and Commentary

Wheat futures are currently 2 to 3 cents higher in the Chicago and KC contracts, with MPLS spring wheat steady to a penny lower. On Thursday MPLS was steady to 2 cents lower but the winter wheat contracts were mostly 5 to 11 3/4 cents in the red. 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. Commitments for export are now 2.5% larger than the same time last year. The average trade guess for world wheat ending stocks in the WASDE update today is 267.47 MMT, slightly below the Feb projection.

--provided by Brugler Marketing & Management

Market Commentary provided by:

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