Wheat Market News and Commentary

Wheat futures are currently 1 1/2 lower to as much as 3/4 cents higher, with MPLS spring wheat the firmest class this morning. They were steady to 4 cents higher in most contracts on Wednesday. KC saw fractional losses in the back months. Taiwan bought 111,650 MT of US wheat in their recent tender on Wednesday. Egypt’s GASC purchased 415,000 MT of Russian wheat on Wednesday, with 295,000 MT for Feb 20-28 delivery and 120,000 MT for March 1-10 delivery. Algeria purchased 550,000 MT of optional origin wheat in a tender that closed on Tuesday. French 18/19 exports outside of the EU are now projected at 8.7 MMT by FranceAgriMer, down 0.1 MMT from last month.

--provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.