Remsen Farmers Coop -

Wheat Futures End Mixed Mostly Higher

Alan Brugler - Barchart - Tue Jan 19, 11:06PM UTC

The wheat complex closed the Tuesday session mostly higher. Nearby SRW wheat prices closed down by 3 to 3 1/4 cents. The deferred contracts were up 1/2 to 2 3/4 cents at the close. September wheat futures are 13 1/4 cents behind spot March for SRW. HRW prices ended the session 3/4 to a penny higher. Sept HRW futures are a 5 1/2 cent premium to spot March. Spring wheat futures were also fractionally to 1 1/4 cents higher – save for a 1/2 cent drop in December. Sept HRS futures were 15 1/2 cents above March at the close. USDA reported 276,898 MT of wheat exported on the week ending 1/14. That was down from 281,087 MT last week, and was 46% below the same week last year. Indonesia was the top destination on the week, with 107,861 MT. Accumulated wheat exports were up to 15.569 MMT, compared to the 15.986 MMT pace set LY. Japan issued an international tender for 100k MT of optional origin wheat. Algeria is also in the market for 50k MT of wheat. Philippines issued a tender for 100k MT of optional origin feed wheat. EU wheat exports were reported at 13.99 MMT through Jan 17, compared to last season’s 16.73 MMT pace.

Mar 21 CBOT Wheat closed at $6.72 1/4, down 3 1/4 cents,

Mar 21 KCBT Wheat closed at $6.44, up 1 cent,

Mar 21 MGEX Wheat closed at $6.43 1/2, up 1/4 cent,

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