Wheat Market News and Commentary

Wheat futures are currently steady in the KC contracts at midday, with CBT a penny higher and MPLS up 2 to 5 cents. Frigid temps are expected across much of the Northern Plains this weekend, though much of the areas did receive snow cover from last weekend’s storm. A South Korean feed importer purchased 65,000 MT of optional origin wheat on Wednesday. A Chinese auction of state reserves saw 99,961 MT, or 3.3% of the offered amount, sold on Wednesday.

Mar 19 CBOT Wheat is at $5.12, up 1 cent,

Mar 19 KCBT Wheat is at $4.95 1/2, unch ,

Mar 19 MGEX Wheat is at $5.64, up 2 cents

--provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
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