Wheat Market News and Commentary

Wheat futures saw 5 to 6 cent gains in most nearby contracts on Friday. CBT was up 0.48% on the week, with KC down 0.3% and MPLS 1/4 cent lower since last Friday. Tunisia, Morocco and Jordan are all active in the market after Egypt made their big purchase earlier in the week. DTN reported their HRW cash index at $4.73 on Thursday evening, 93 cents above the same time at year ago. The Argentine wheat crop is 95.6% harvested as reported by BAGE, 0.4% below this time in 2018. Total harvested production has totaled 17.948 MMT. Paris wheat milling futures were up 0.61% on the day.

Mar 19 CBOT Wheat closed at $5.19 1/2, up 5 3/4 cents,

Mar 19 KCBT Wheat closed at $5.04 1/2, up 5 3/4 cents,

Mar 19 MGEX Wheat closed at $5.70, up 6 cents

--provided by Brugler Marketing & Management

Market Commentary provided by:

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