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.
June 14 2019 Price Report
CBOT July SRW ended at
$5.38/bu
up 34 cents
KCBT July HRW closed at
$4.76/bu
up 27 cents
MGEX July HRS traded at
$5.63/bu
down 5 cents
Wheat futures prices ended mixed this week on varied weather conditions across the United States. Excessive rains in the Midwest and parts of the Southern Plains continue to delay winter wheat harvests and raise concerns over crop qualities while warm, dry conditions in the Northern Plains boosted spring wheat planting week-over-week. Soft red winter (SRW) July futures gained 34 cents over last week to close at $5.38/bu and hard red winter (HRW) July futures gained 27 cents to end at $4.76/bu. Hard red spring (HRS) futures lost 5 cents week-over-week to close at $5.63/bu. CBOT July corn futures gained 37 cents to end at $4.53/but on extremely wet planting conditions (see below). CBOT July Soybean futures gained 40 cents to close at $8.97/bu.
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