Wheat Lower

Wheat futures are lower by 1 3/4 to 7 1/2 per bushel higher across the three US markets midday Tuesday. The weekly Crop Progress report from NASS showed 93% of the winter wheat crop harvested as of August 18, up 4% on the week and 5% behind normal. The spring wheat crop was 16 % harvested, with the normal pace at 49%. Condition ratings were tallied at 70% gd/ex, up 1 from a week ago, as the Brugler500 index for spring wheat was up 2 point to 374. Japan’s weekly MOA tender is for 110,057 MT of wheat sourced from the US and Canada, with 58,332 MT US specific.

SEP 19 CBOT Wheat is at $4.58, down 7 1/2 cents,

SEP 19 KCBT Wheat is at $3.85 1/2, down 5 3/4 cents,

SEP 19 MGEX Wheat is at $5.03 3/4, down 1 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.