Wheat futures ended the Tuesday session with most CBT and KC contracts steady to 4 1/4 cents lower. MPLS higher in the front months, but down fractionally in the back months. The USDA indicated on Monday that TX and OK ratings were slightly improved thanks to moisture in the Eastern areas. Taiwan mills purchased 92,465 MT of US wheat on Tuesday. Japan is seeking 119,610 MT of US, Canadian and Australian wheat in their weekly MOA tender that closes on Thursday. Of the total 32,285 MT is to be sourced from the US.

Mar 18 CBOT Wheat closed at $4.85 1/2, down 4 1/4 cents,

Mar 18 KCBT Wheat closed at $5.07, down 2 cents,

Mar 18 MGEX Wheat closed at $6.29 1/2, up 4 cents

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

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at  http://bit.ly/Harvest2Fer.


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.