Wheat Market Commentary

Wheat futures are mixed on Tuesday, with KS down 2 to 3 cents and CBT and MPLS within a penny on either side of UNCH. NASS reported that 65% of the winter wheat crop was planted as of the 14th, lagging the average pace by 2% as rains in the Plains slows progress. Emergence was 3% faster than normal at 44%. KS is now lagging normal pace at 62% planted, most other HRW states behind average. Emergence in those same states, however, is ahead of normal. Japan is seeking 127,688 MT of wheat from the US (59,640 MT), Canada, and Australia in their weekly MOA tender, with results expected on Thursday.

Dec 18 CBOT Wheat is at $5.25 1/4, up 1/4 cent,

Dec 18 KCBT Wheat is at $5.29 1/4, down 2 1/2 cents,

Dec 18 MGEX Wheat is at $6.00 1/2, unch ,

--provided by Brugler Marketing & Management, Call (402) 289-2330




Market Commentary provided by:

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