Idaho Farm Bureau's Podcast
Wheat market continues with gains
Feb 06, 2018
Idaho Farm Bureau
Wheat futures showed 8 cent gains in most contracts on Tuesday. World ending stocks are expected to see a slight reduction in Thursday’s USDA report. On Tuesday, Taiwan purchased 77,000 MT of US wheat for March-April shipment. Japan is seeking 100,000 MT of wheat from Australia, Canada, and the US. The weekly deal will close Thursday, with 33,000 MT coming from the US. Ethiopia is seeking 400,000 MT of wheat, with the deal to close February 13.