The wheat complex is showing mixed action with the hard red contracts showing gains. CBT soft red wheat futures are posting fractional losses on Wednesday. KC HRW futures are trading with fractional gains so far. MPLS spring wheat futures are up 2 to 3 cents so far at midday.
Weather is turning dry for much of the winter wheat growing region in the next week, allowing for planting to continue, though it is less than ideal for helping emergence.
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SovEcon estimates Ukraine wheat crop at 22.9 MMT, up 1.5 MMT above their pervious number.
Dec 25 CBOT Wheat is at $5.06 1/4, down 1/2 cent,
Mar 26 CBOT Wheat is at $5.24 1/4, down 1/2 cent,
Dec 25 KCBT Wheat is at $4.92 1/4, up 1/4 cent,
Mar 26 KCBT Wheat is at $5.14, up 1/2 cent,
Dec 25 MGEX Wheat is at $5.54, up 2 cents,
Mar 26 MGEX Wheat is at $5.73 3/4, up 2 1/4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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