The wheat complex posted gains across the three exchanges to close out Wednesday. Chicago SRW futures were up 1 1/4 to 5 1/2 cents on the day. KC HRW contracts were 3 to 5 3/4 cents higher on the session. MPLS spring wheat saw a recovery of 1 ¼ to 4 ¾ cents.
Crop Progress data showed the winter wheat planting pace at 64% complete as of October 13, which is 2% back of the average pace. Emergence was pegged at 35% , vs. the 5-year average pace of 38%.
The FranceAgirMer expects the French soft wheat stocks to total 2.51 MMT, a 0.24MMT drop from last month
Dec 24 CBOT Wheat closed at $5.85, up 5 1/2 cents,
Mar 25 CBOT Wheat closed at $6.05 1/4, up 4 1/2 cents,
Dec 24 KCBT Wheat closed at $5.88 3/4, up 5 3/4 cents,
Mar 25 KCBT Wheat closed at $6.03 1/2, up 4 3/4 cents,
Dec 24 MGEX Wheat closed at $6.20 3/4, up 4 1/2 cents,
Mar 25 MGEX Wheat closed at $6.42 3/4, up 4 3/4 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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