Wheat Market News and Commentary

Wheat futures are showing 3 to 6 cent losses in most contracts at midday. Weakness comes as the US was left out of the Egyptian tender on Wednesday, mainly due to a freight disadvantage. A higher US dollar and general selling in the grain complex is also seen as adding pressure. Outside of actual shipping data (Export Inspections report) we will not have an update to any Export Sales data until the government is back open. A South Korean importer purchased 65,000 MT of optional origin wheat in a tender on Wednesday. The EU awarded 718,000 MT of wheat imports under their import quota.

Mar 19 CBOT Wheat is at $5.14, down 6 cents,

Mar 19 KCBT Wheat is at $5.00 1/2, down 5 cents,

Mar 19 MGEX Wheat is at $5.67, down 3 1/2 cents

--provided by Brugler Marketing & Management

Market Commentary provided by:

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