Wheat Market News and Commentary

Wheat futures are steady to 3 cents higher in most CBT and MPLS front months, with KC down 2 to 5 cents. Japan’s weekly Ministry of Ag tender is looking for a total of 113,138 MT of wheat from the US, Canada, and Australia. The tender will close on Thursday, with 47,963 MT US specific. Algeria is also tendering for wheat, with the deadline on Friday. Paris milling wheat futures dropped to their lowest price since December 7 on the continuous front month chart on Tuesday.

Mar 19 CBOT Wheat is at $5.19 1/2, up 1 1/4 cents,

Mar 19 KCBT Wheat is at $4.91, down 2 3/4 cents,

Mar 19 MGEX Wheat is at $5.76 3/4, up 3 cents

--provided by Brugler Marketing & Management

Market Commentary provided by:

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