Wheat Market News and Commentary

Wheat futures are firm to 3 cents higher in most winter wheat contracts, with March showing thin trade. MPLS is steady to 3 cents lower. USDA added another 45 mbu to their 18/19 US wheat ending stocks projection. That was in part due to a 35 mbu reduction to exports at 965 mbu. The World carryout projection was raised by 3 MMT to 270.53 as well, with Indian stocks up 2.9 MMT. Algeria purchased 300,000 MT of optional origin durum wheat in a tender this week. Turkey is seeking 290,000 MT of wheat in a tender set to close on March 14.

Mar 19 CBOT Wheat is at $4.37, up 5 1/2 cents,

Mar 19 KCBT Wheat is at $4.31, up 10 3/4 cents,

Mar 19 MGEX Wheat is at $5.57, unch ,

--provided by Brugler Marketing & Management

Market Commentary provided by:

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