Wheat Close Higher on Tuesday
BRUG - Tue Sep 10, 5:11PM CDT

Wheat futures saw 4 to 7 3/4 cent gains in most contracts on Tuesday, disregarding soon to expire Sep. Gains in corn supported the market. Ahead of Thursday’s USDA reports, analysts expect to see very little change to the 19/20 US wheat carry out estimate, up 2 mbu to 1.016 bbu. South Korea purchased 76,000 MT of US wheat in a tender on Tuesday. The French Farm Ministry raised their 19/20 wheat production estimate by 1.25 MMT to 39.45 MMT.

DEC 19 CBOT Wheat closed at $4.82 1/4, up 7 3/4 cents,

DEC 19 KCBT Wheat closed at $4.03 3/4, up 5 3/4 cents,

DEC 19 MGEX Wheat closed at $5.03 3/4, up 7 cents

Source: 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.