Idaho Farm Bureau's Podcast Podcast Artwork Image
Idaho Farm Bureau's Podcast
Monday Market Report: Mixed
February 04, 2018 Idaho Farm Bureau
Idaho Farm Bureau's Podcast

Monday Market Report: Mixed

February 04, 2018

Idaho Farm Bureau

Wheat futures settled with losses of 3-5 cents in most CBT and KC contracts, as MPLS was down 8 cents in the March futures contract. March KC wheat was 4% higher since Friday, with weakness in the later part of the week limiting gains. The pressure was felt from a stronger US dollar, up 523 points on the day. Analysts are expecting today’s Stats Canada report to show 23 MMT in all wheat stocks as of Dec 31, slightly lower than last year. Egypt bought 180,000 MT of Russian wheat.
Wheat futures settled with losses of 3-5 cents in most CBT and KC contracts, as MPLS was down 8 cents in the March futures contract. March KC wheat was 4% higher since Friday, with weakness in the later part of the week limiting gains. The pressure was felt from a stronger US dollar, up 523 points on the day. Analysts are expecting today’s Stats Canada report to show 23 MMT in all wheat stocks as of Dec 31, slightly lower than last year. Egypt bought 180,000 MT of Russian wheat.
See All Episodes