Wheat is Mixed so far this Monday

Wheat futures are fractionally higher for Chicago, and fractionally lower in Kansas City wheat. MPLS is 2 to 3 cents higher at midday. USDA reported wheat exports for the week ending 10/03 at 385,259 MT, down 14.07% from this week a year ago. That brings the MY to date total to 8.906 MMT, which is 17% above last MY’s pace through that week. In the weekly CFTC report the spec funds were net short 32,780 contracts in the KC HRW contracts. MPLS wheat saw a 12,445 contract net short on Tuesday, down 7,084 contracts from the previous week. Russia’s IKAR added 0.4 MMT to the country’s wheat production number at 75.4 MMT. USDA (@ 72.5 MMT) will update their projection on Thursday.

DEC 19 CBOT Wheat is at $4.91, up 1/2 cent,

DEC 19 KCBT Wheat is at $4.03 1/2, down 1/2 cent,

DEC 19 MGEX Wheat is at $5.39, up 3 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.