Wheat

Wheat futures are 1-3 cents higher in most KC and CBT contracts, as MPLS is fractionally higher. Monday afternoon’s Crop Progress report indicated the winter wheat crop was 88% emerged as of Sunday. Individual state data shows KS at 90% emerged vs. the average of 95%, as OK was also at 90% compared to the average of 92%. Most SRW states are even with or above the average for crop emergence. The crop was rated at 52% gd/ex, down 2% from the previous week. Showers across parts of Australia over the weekend slowed the winter wheat harvest there.

Dec 17 CBOT Wheat is at $4.23 3/4, up 1 3/4 cents,

Dec 17 KCBT Wheat is at $4.18 1/2, up 2 1/2 cents,

Dec 17 MGEX Wheat is at $6.26 1/2, up 1/4 cent




Market Commentary provided by:

Brugler Marketing & Management LLC
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