Wheat Higher on Friday
BRUG - Fri May 17, 12:30PM CDT

Wheat futures are posting 2 to 8 cent gains in most contracts on Friday. Support is coming from strength in corn and weather forecasts that shows delayed planting for HRS areas. Moisture issues in SRW and part of HRW country are also beginning to worry traders about protein readings and fungal problems like scab, vomitoxin and fusarium. Total unshipped US wheat sales now account for 3.517 MMT, with just 3 reporting weeks left in the MY, as total commitments are up 8.8% from last year. Those export commitments are 103% of the updated USDA projection, with 105% the average.

Jul 19 CBOT Wheat is at $4.71 1/2, up 4 1/2 cents,

Jul 19 KCBT Wheat is at $4.24 1/4, up 7 1/2 cents,

Jul 19 MGEX Wheat is at $5.33 1/2, up 6 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.