Market Update 10-10-16

Weekly Market Highlights 10-10-16
  • Minneapolis hard red spring wheat futures climbed 3% this week; Kansas City hard red winter wheat futures are lower despite Tuesday’s impressively higher close.
  • Spring wheat futures prices have now gained about 9% since their late August lows; Kansas City gains are closer to 4%.
  • Some market participants expect wheat prices to fall back, but higher energy prices and other good if not stellar news seem to be supportive of commodities and other markets.
  • Basis premium prices are firm to higher as mills continue to try to keep pipelines filled while farmers and elevators attention was turned away from marketing wheat toward a massive row crop harvest.
  • Short term expectations call for steady support near current levels; long term world markets will be reminded of their massive wheat reserves and lack of inputs to support high wheat prices.

Read the entire report 


Don’t forget to join us for our free webinar series on growing your business using social media.