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Idaho Farm Bureau's Podcast
Local Wheat Market Strong-Snowpack improving
March 01, 2018 Idaho Farm Bureau
Idaho Farm Bureau's Podcast

Local Wheat Market Strong-Snowpack improving

March 01, 2018

Idaho Farm Bureau

Wheat futures ended Thursday with strong gains going into the close, as money coming out of the stock market was looking for a home. CBT and KC were 22 cents higher in the nearby contracts, as MPLS was up 14 cents. The weekly US Drought Monitor saw drought in Eastern OK and TX and Southeast KS improving with storms this week. Japan purchased 136,000 MT of Australian, Canadian, and US wheat in their weekly MOA deal, with 65,000 originating from the US.
Wheat futures ended Thursday with strong gains going into the close, as money coming out of the stock market was looking for a home. CBT and KC were 22 cents higher in the nearby contracts, as MPLS was up 14 cents. The weekly US Drought Monitor saw drought in Eastern OK and TX and Southeast KS improving with storms this week. Japan purchased 136,000 MT of Australian, Canadian, and US wheat in their weekly MOA deal, with 65,000 originating from the US.
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