Wheat Dec '21 (ZWZ21)
Wheat Futures Market News and Commentary
Wheat markets are up for the midday quote, after attempting a Turnaround Tuesday sell off overnight. Chicago prices are 1 3/4 to 4 3/4 cents in the black. HRW futures are up by 6 1/2 to 9 1/4 cents so far. Spring wheat is gaining 5 3/4 to 22 cents led by March contracts. Oats Futures Prices are also higher after attempting a Turnaround Tuesday.
Crop Progress data showed winter wheat planting had reached 80% completion. That was a 10% advance from wk/wk and matches the 5-yr average. NASS also reported emergence above 50%, at 55%, for the 22/23 crop’s first condition scores. As of 10/24, NASS scored the winter wheat crop at 46% good/ex, or a Brugler500 conversion of 325. That compares with 41% last year, or a Brugler500 of 322.
Dec 21 CBOT Wheat is at $7.62 1/4, up 2 3/4 cents,
Cash SRW Wheat is at $7.12 2/3, up 3 cents,
Dec 21 KCBT Wheat is at $7.86, up 8 1/4 cents,
Cash HRW Wheat is at $7.64 1/4, up 8 1/4 cents,
Dec 21 MGEX Wheat is at $10.44 1/2, up 17 1/2 cents,
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