Wheat Market News and Commentary

Wheat futures are posting strong 7 to 8 1/4 cent gains in the winter wheat contracts on Friday, with MPLS up 4 to 5 cents. US wheat at the moment is close to $1.50 under Black Sea wheat prices at the ports. Tunisia, Morocco and Jordan are all active in the market after Egypt made their big purchase earlier in the week. DTN reported their HRW cash index at $4.73 on Thursday evening, 93 cents above the same time at year ago. The Argentine wheat crop is 95.6% harvested as reported by BAGE, 0.4% below this time in 2018. Total harvested production has totaled 17.948 MMT. Paris wheat milling futures were up 0.61% on the day.

Mar 19 CBOT Wheat is at $5.22, up 8 1/4 cents,

Mar 19 KCBT Wheat is at $5.06 3/4, up 8 cents,

Mar 19 MGEX Wheat is at $5.68 3/4, up 4 3/4 cents

--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.