Wheat Market News and Commentary

Wheat futures are mostly steady to 3 cents higher on Wednesday. Informa left their winter wheat planted acreage estimate at 31.513 million acres, with other spring wheat projected at 13.78 million acres. Japan is tendering for 102,057 MT of wheat from the US, Canada, and Australia, with the tender to close on Thursday and 53,195 MT sought from the US. Turkey is also seeking 300,000 MT of wheat, with the tender closing on Jan 30.

Mar 19 CBOT Wheat is at $5.24, up 2 3/4 cents,

Mar 19 KCBT Wheat is at $5.12 1/2, up 2 3/4 cents,

Mar 19 MGEX Wheat is at $5.74, up 2 cents

--provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
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