International Wheat Market Report 6th April 2018

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Wheat futures settled with 8 to 9 cent gains in most SRW contracts, with HRS and HRW contracts 12 to 14 cents higher. Old crop export sales of all wheat fell well shy of expectations at 108,989 MT, with new crop sales hitting the top of estimates at 200,150 MT. Sales of 17/18 wheat were down 69.2% from last week and 80.8% lower than this time last year. Shipments were shown at 428,132 MT, 30.24% larger than the week prior but 24.22% behind last year. Export commitments slipped from last week on the lower sales total and are now lagging last year by 14.5%.

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