BRUG - Tue Mar 13, 4:43PM CDT

Wheat futures ended the Tuesday session with most CBT and KC contracts steady to 4 1/4 cents lower. MPLS higher in the front months, but down fractionally in the back months. The USDA indicated on Monday that TX and OK ratings were slightly improved thanks to moisture in the Eastern areas. Taiwan mills purchased 92,465 MT of US wheat on Tuesday. Japan is seeking 119,610 MT of US, Canadian and Australian wheat in their weekly MOA tender that closes on Thursday. Of the total 32,285 MT is to be sourced from the US.

Mar 18 CBOT Wheat closed at $4.85 1/2, down 4 1/4 cents,

Mar 18 KCBT Wheat closed at $5.07, down 2 cents,

Mar 18 MGEX Wheat closed at $6.29 1/2, up 4 cents

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.