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