Midday prices for the first trade day of the short week have wheat on both sides of UNCH. SRW prices are fractionally to a penny stronger in the deferred, with losses of as much as 2 cents nearby. HRW futures are in the black with fractional to 1 3/4 cent gains. Spring wheat futures are fractionally mixed at midday. USDA reported 276,898 MT of wheat exported on the week ending 1/14. That was down from 281,087 MT LW, 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. Turkey’s 400k MT wheat tender was postponed. 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 is at $6.73 3/4, down 1 3/4 cents, |
| Mar 21 KCBT Wheat is at $6.44 3/4, up 1 3/4 cents, |
| Mar 21 MGEX Wheat is at $6.43 3/4, up 1/2 cent, |
--- provided by Brugler Marketing & Management
<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing & Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p>
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