International Wheat Market Report 6th March 2018

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Winter wheat ratings in KS were reported at 13% gd/ex up 1, with the Brugler500 rating down 2 at 249 on higher p/vp ratings. OK saw an improvement of 5 points to 193, as the gd/ex is now at 6%. Ratings in TX were 14 points higher at 213 on a scale of 500, with the gd/ex now at 10%, up 5 from last week. The ABARE in Australia estimates that the 18/19 wheat crop will total 23.7 MMT, 11.8% larger than their depressed total from 17/18. Egypt’s GASC is seeking wheat for mid-April delivery, with the tender to close on TuesdayMar 18 CBOT Wheat closed at $5.02 1/4, up 10 1/4 cents,Mar 18 KCBT Wheat closed at $5.33 1/2, up 11 1/2 cents,Mar 18 MGEX Wheat closed at $6.23, up 16 1/2 cents.

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