Market Commentary

Closing Comment 05/16

Wheat futures closed higher on Wednesday. Wheat futures soared despite resistance from outside market factors. Calls for warm, dry weather across the US Plains continued to push prices upward as traders are concerned the winter wheat crop would be damaged. The CBOT contracts were up 5 percent, posting their largest gains in six weeks. CBOT July is 30 1/4 cents higher at $6.38 3/4; KCBT July is 28 1/2 cents higher at $6.56; and MGE July is 9 1/2 cents higher at $7.60.

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Home > Resource Centers > Wheat > Grain Stocks: All wheat stocks drop 14 percent

Grain Stocks: All wheat stocks drop 14 percent

USDA | January 12, 2012

All wheat stored in all positions on December 1, 2011 totaled 1.66 billion bushels, down 14 percent from a year ago. On-farm stocks are estimated at 405 million bushels, down 26 percent from last December. Off-farm stocks, at 1.25 billion bushels, are down 10 percent from a year ago. The September - November 2011 indicated disappearance is 490 million bushels, down 5 percent from the same period a year earlier.

AgProfessional Magazine

Closing Comment 05/16

Grain Stocks: All wheat stocks drop 14 percent

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