Wheat Prices Up

Wheat futures contracts at midday: CBOT wheat up 1 cent, KCBT wheat is higher 3 cents, and Minneapolis is higher 2 3/4 cents. The USDA Export sales report showed net sales of 462,224 for the week ending August 8, down 5.2% from last week and 42.4% lower than the same week last year. Japan purchased 106,700 MT, with South Korea at 106,200 MT. Egypt’s GASC purchased 295,000 MT of wheat Thursday, from Russia (175,000 MT) and Ukraine (120,000 MT). EU wheat production for 19/20 was raised by 2.3 MMT to 142.9 MMT on Thursday by Strategie Grains, with their export projection increased 2.9 to 24.8 MMT. Ukraine completed its wheat harvest with an estimated production of 38.5 MMT.

SEP 19 CBOT Wheat is at $4.70, up 1 cent,

SEP 19 KCBT Wheat is at $3.92 3/4, up 3 cents,

SEP 19 MGEX Wheat is at $5.05 1/2, up 2 3/4 cents

--- 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.