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Wheat (P) Futures PricesTuesday, May 22nd, 2012Current Prices | End-of-Day Prices | Options Quotes | Spread Quotes | Profile
Wheat is trading 15 cents lower in Chicago. The crop conditions did deteriorate from last week, especially in KS but are still significantly better than last year. The latest 6 to 10 day forecast is calling for normal precipitation in NE and most of KS. Wheat supplies at export terminals and elevators were down 2.553 million bushels from the previous week. A consulting group lowered projected Russian wheat production to 53 MMT. USDA was at 56 MMT in the May report. The same group lowered projected Russian exports to 14 MMT vs. the current USDA number of 18 MMT. Provided by Brugler Marketing & Management
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