Wheat Markets Higher On Monday Morning

Wheat futures are up to 2 cents higher in the KC HRW contracts this morning, with Chicago and MPLS fractionally higher. Winter wheat gained last week, as Chicago finished with a 24 1/4 cent gain and KC improved 13 cents. MPLS finished Friday down by 7 1/2 cents, leaving it 5 3/4 cents lower on the week. The export sales report indicated 395,122 MT of sales for the week ending 10/10. HRW had a 41.6% share of the export sales, while Minneapolis HRS held a 36.9% share. The USDA reported 34,787 MT of SRW net export sales for the week ending 10/10, which was 8.8% of all wheat. All wheat accumulated exports are up to 9.437 MMT for the MY. That’s 26.88% ahead of last year’s pace and already 38.95% of the 2018/19 MY total.

--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.