Wheat Futures Steady

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March Chicago Wheat is trading at 442 1/2, down 1 cent/bushel. May Chicago Wheat is trading at 454 1/4, down 1 cent/bushel. March Kansas City Wheat is trading at 452, up 3/4 of a cent/bushel. Wheat futures are trading steady after Thursday's move up. The USDA reported on Thursday that wheat export sales for the current marketing year as of February 2nd are now 88.2 percent of the agency forecast versus the five year average of 82.2 percent. The USDA supply demand report showed U.S. ending wheat stocks of 1.139 billion bushels. The agency report showed global wheat ending stocks at 248.6 million tonnes versus 253.3 million tonnes a month ago.
Posted In: FuturesCommoditiesMarketsWheat futures
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