Every Friday, U.S. Wheat Associates (USW) compiles information from market sources, including U.S. wheat exporters of all classes from various U.S. ports. The prices represent the value of grade number two or better and the proteins indicated. These prices are not intended to represent offers nor should importers of U.S. wheat rely upon them as such. Subscribe to this report to receive it via email every Friday.
February 15 2019 Price Report
CBOT March SRW ended at
$5.04/bu
down 13 cents
KCBT March HRW closed at
$4.76/bu
down 18 cents
MGEX March HRS traded at
$5.73/bu
up 5 cents
Soft red winter (SRW) and hard red winter (HRW) futures tumbled between Wednesday and Friday close, ending significantly lower than last week’s final trade. The end of week setback is seen as a market correction more than a direct reaction to significant industry news. However, the pressure on SRW and HRW futures may partially stem from the news of excellent U.S. winter crop conditions and high winter wheat inventory. March SRW futures lost 13 cents to end at $5.04/bu and March HRW futures lost 18 cents to close at $4.76/bu. A stronger U.S. dollar heightened the losses. Though winter wheat futures fell significantly, hard red spring (HRS) futures gained 5 cents over last week to close at $5.73/ bu. CBOT March corn futures were steady at $3.74/bu. CBOT March soybean futures were down 7 cents at $9.07/bu.
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