Wheat Gaining Again

Wheat Gaining Again

Tuesday wheat futures are back on the rise, with Kansas City HRW futures leading the way. Chicago wheat futures are 4 to 6 cents higher at midday, KC wheat is making gains by as much as 8 cents in nearby contracts. MPLS HRS is fractionallay mixed showing 1/4 cent losses to 3/4 cent gains at midday. Japan’s lower house has passed the trade deal signed by President Trump and Prime Minister Shinzo Abe on October 7th, and should cut tariffs on wheat, beef, pork, among other US ag goods by 7 billion U$D. Japan’s upper house has yet to sign off, but is expected to before December 9th. Japan has tendered for 119,998 MT of wheat. US winter wheat planting was 95% completed, with 83% emerged as of Sunday. Conditions from the report showed a score of 345 on the Brugler500 index for winter wheat.

DEC 19 CBOT Wheat is at $5.13, up 5 3/4 cents,

DEC 19 KCBT Wheat is at $4.27, up 8 1/2 cents,

DEC 19 MGEX Wheat is at $5.04, up 3/4 cent

-- 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.