Wheat Market News and Commentary

Wheat futures are 4 to 5 cents higher in most winter wheat contracts with MPLS steady to 2 cents higher. Even with the lower sales total last week, commitments are now 3% above a year ago. They are 87% of the USDA projected total (revised lower last week), with the 5-year average pace at 97%. Tunisia, Bangladesh and Algeria have also been drawn into the market by the recent price decline. Ukraine exporters have shipped 7.7 MMT of milling wheat, which is near the milling wheat export quota of 8 MMT, with the total wheat quota at 16 MMT.

May 19 CBOT Wheat is at $4.58 1/2, up 5 3/4 cents,

May 19 KCBT Wheat is at $4.41 1/2, up 5 cents,

May 19 MGEX Wheat is at $5.53 1/2, up 1 cent

--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.