Market Overview

Wheat Futures Little Lower

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December Wheat is trading at 386, down 3 1/2 cents/bushel. March Chicago Wheat is trading at 413 1/4, down 3 1/4 cents/bushel. March Kansas City Wheat is trading at 425 1/4, down 5 1/4 cents/bushel.

Wheat futures are trading just above the session lows.

The USDA reported on Monday that wheat export inspections as of November 24th are now 49.3 percent of the USDA forecast versus the five year average of 50.5 percent.

Argentina's agricultural minister said the nation's wheat harvest for 2016 to 2017 is expected to be 14.9 million tonnes versus 11.3 million tonnes during 2015 to 2016.

Posted-In: Wheat futuresFutures Commodities Markets

 

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