Wheat Market News and Commentary
BRUG - Fri Jan 04, 5:13PM CST

Wheat futures were 2 to 5 cents in positive territory at Friday’s close. Nearby CBT was up 1.08% this week, with KC 2.02% higher and MPLS up 3.59%. IEG Vantage pegged the 2019 winter wheat planting at 31.513 million acres, nearly 1 million acres below last year. The Winter Wheat Seedings report from USDA planned for next Friday is suspended due to the government shutdown, with the scheduled date released once funding is restored. The BAGE reported Argentina’s wheat harvest at 90.6% complete as of Jan 2, matching the normal pace.

Mar 19 CBOT Wheat closed at $5.17, up 3 1/4 cents,

Mar 19 KCBT Wheat closed at $5.06, up 2 1/2 cents,

Mar 19 MGEX Wheat closed at $5.70 1/4, up 5 cents

--provided by Brugler Marketing & Management




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