Wheat Markets All Higher in US This Morning

Wheat futures are 2 to 5 cents higher this morning, with MPLS spring wheat the strongest. Since Wednesday’s mixed close, with Chicago wheat futures steady to fractionally higher in most contracts. Kansas City contracts saw 1-3 cent gains, as Spring wheat futures contracts saw losses at Wednesday’s close. Trade estimates prior to USDA’s monthly update would have World wheat carryout trimmed by 1.34 MMT to 285.17 MMT on average. Analysts are expecting a total of 300,000-600,000 MT in US wheat export sales for the week that ended on October 3. Japan’s MOA is seeking a total of 114,012 MT from the US and Canada, with 60,052 MT US origin. Results are expected later this morning. .

--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.