Monday Wheat Futures Posted Gains

Wheat futures came back down from midday gains, but still managed to finish mostly in the black. Chicago wheat lead the way posting a daily gain of 4 1/2 cents, with KC wheat futures closely behind gaining 1 1/2 cents on the day. Minneapolis HRS wheat futures saw some fractional losses at the close. Export inspections for all wheat, were updated by the USDA this morning. The weekly update for the week ending 11/14 showed 449,304 MT, which was lower than last week’s 539,724 MT. The same week last year saw 509,900 MT. The updated accumulated wheat exports are now 11.920 MMT, which is 21.39% above last year’s pace. The weekly exports were mostly soft white, which was 144,548 MT. White wheat composed 34.62% of the weekly inspections. HRS’s share was 21.74%, HRW held a 20.77% share, and SRW wheat encompassed 18.51% of the weekly export inspections. Winter wheat planting was 95% completed, matching the average pace.

DEC 19 CBOT Wheat closed at $5.07 1/4, up 4 1/2 cents,

DEC 19 KCBT Wheat closed at $4.18 1/2, up 1 1/2 cents,

DEC 19 MGEX Wheat closed at $5.03 1/4, down 1/2 cent

-- 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

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.