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Idaho Farm Bureau's Podcast
Snow in the Mountains, Markets steady
January 11, 2018 Idaho Farm Bureau
Idaho Farm Bureau's Podcast

Snow in the Mountains, Markets steady

January 11, 2018

Idaho Farm Bureau

Wheat futures are 1 cent higher this morning. But they finished Thursday’s trade with most contracts lower, as MPLS was the weakest. KC HRW contracts were held to fractional losses yesterday, with the Drought Monitor showing dryness expanding across the Southern Plains. The USDA indicated all wheat old crop export sales of just 71,000 MT for the week. Shipments of wheat picked up 26% from last week and 67% from a year ago at 288,000 MT. Japan purchased 91,000 MT of US and Canadian wheat deal with 56,000 MT US origin.
Wheat futures are 1 cent higher this morning. But they finished Thursday’s trade with most contracts lower, as MPLS was the weakest. KC HRW contracts were held to fractional losses yesterday, with the Drought Monitor showing dryness expanding across the Southern Plains. The USDA indicated all wheat old crop export sales of just 71,000 MT for the week. Shipments of wheat picked up 26% from last week and 67% from a year ago at 288,000 MT. Japan purchased 91,000 MT of US and Canadian wheat deal with 56,000 MT US origin.
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