Wheat Market News and Commentary
BRUG - Mon Jan 07, 7:23AM CST

Wheat futures are mostly 1 to 2 1/2 cents lower in early trading. They were 2 to 5 cents in positive territory on Friday. Nearby CBT SRW was up 1.08% for the 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 Friday is suspended due to the government shutdown, with the scheduled date released once funding is restored. The BAGE reported Argentina’s wheat harvest was 90.6% complete as of Jan 2, matching the normal pace.

--provided by Brugler Marketing & Management

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