Wheat Market 4 to 11 Higher
BRUG - Fri May 17, 7:28AM CDT

Wheat futures are 3 to 5 cents higher this morning in the KC and Chicago contracts, and up to 11 cents higher in MPLS spring.wheat. They posted 13 to 18 1/4 cent gains in the winter wheat contracts on Thursday, with MPLS up 7 to 11 1/2 cents. Old crop wheat export sales in the week of May 9 were 114,478 MT, 81.55% larger than the same week last year. Total unshipped sales now account for 3.517 MMT, with just 3 reporting weeks left in the MT, as total commitments are up 8.8% from last year. New crop sales were reported at 419,375 MT, above the range of estimates and a marketing year (MY) high. Total forward 19/20 sales are now 2.977 MMT, up 44.66% from a year ago at this time.

--provided by Brugler Marketing & Management




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