The wheat complex is trading with losses across the three exchanges at Wednesday’s midday. The Chicago SRW market is 5 to 6 cents lower so far. KC HRW contracts are down 2 to 3 cents in the nearbys on Wednesday. MPLS spring wheat futures are fractionally to 2 cents in the red.
The next 7 days are expected to be drier across much of the Southern Plains and SRW regions.
A South Korean importer purchased 65,000 MT of optional origin wheat overnight. Thailand is tendering for 195,000 MT of wheat, with offers due later today.
Mar 25 CBOT Wheat is at $5.53, down 5 3/4 cents,
May 25 CBOT Wheat is at $5.65 3/4, down 5 3/4 cents,
Mar 25 KCBT Wheat is at $5.73 1/4, down 2 1/4 cents,
May 25 KCBT Wheat is at $5.83 1/2, down 2 cents,
Mar 25 MGEX Wheat is at $6.04 1/4, down 1/4 cent,
May 25 MGEX Wheat is at $6.13 1/4, down 1 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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