Wheat Gains Double Digits

Wheat markets ended the Wednesday session with double digit gains across the complex. SRW futures closed the day 11 to 15 1/4 cents higher. KC HRW wheat futures closed up 15 to 15 3/4 cents across the front months. HRS futures ended the session with gains of 7 1/4 to 10 1/2 cents. Trade estimates ahead of USDA’s weekly Export Sales report are for 250,000 MT to 700,000 MT. New crop bookings are expected to be between 50k and 150k MT. The Philippines issued an international tender for 145,00 MT of wheat.

Mar 21 CBOT Wheat closed at $6.80 1/4, up 14 1/2 cents,
Mar 21 KCBT Wheat closed at $6.56, up 15 cents,
Mar 21 MGEX Wheat closed at $6.46 1/2, up 10 1/2 cents,

--- provided by Brugler Marketing & Management




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