The wheat trade led the grains higher with double digit gains on Wednesday. SRW closed with 2.1% to 2.3% gains, with March up by 17 1/4 cents. HRW futures were 1.5% to 2% higher at the bell, with a 17 cent gain in March. Spring wheat futures closed 0.8% to 1.3% higher on a 11 3/4 cent gain for March.Â
The market sees a modest amount of risk premium for winterkill out of this week’s subzero Plains temps.Â
Weekly wheat export sales are expected to be between 200k and 500k MT.Â
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Mar 23 CBOT Wheat  is at $7.67 3/4, up 17 1/4 cents,
May 23 CBOT Wheat  is at $7.75 1/4, up 17 3/4 cents,
Cash SRW Wheat  is at $7.08 3/8, up 17 1/2 cents,
Mar 23 KCBT Wheat  is at $8.64, up 17 cents,
Cash HRW Wheat  is at $8.28 1/2, up 17 cents,
Mar 23 MGEX Wheat  is at $9.27 3/4, up 11 3/4 cents,
On the date of publication, Alan Brugler 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.
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