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Wheat Futures PricesWednesday, May 23rd, 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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Due to grow seasons and seasonal fluctuations in wheat supply and demand, wheat futures tend to be highest from August through September, and lowest from January through May. These are not guaranteed trends, however, so traders of wheat futures must stay abreast of fluctuations in wheat prices and wheat quotes. Our up-to-date wheat futures table provides a summary of wheat prices with links to wheat quotes.
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