Wheat Market News and Commentary

Wheat futures are mostly 2 to 3 cents higher this morning in the Chicago and KC contracts. Minneapolis spring wheat is up 6 cents or more. Wheat posted gains of 5 to 11 1/2 cents in most contracts yesterday, with the grain complex in general seeing buying on Thursday. A weaker US dollar index helped to support the market. There will also be no USDA Export Sales report today due to the shutdown. First half EU wheat exports were 26.4% lower than the same time last year at 8 MMT from 7/1-12/30. Ukraine’s wheat exports were also 7.08% lower (from July 1 to Jan 2) at 10.5 MMT.

--provided by Brugler Marketing & Management




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