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




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