Wheat is reverting back lower on Wednesday’s midday, with losses across the board. Chicago SRW futures are trading with losses of 12 to 15 cents. KC HRW futures are trading with 14 to 15 cent losses at midday. MPLS spring wheat is slipping lower, down 8 to 9 cents.
Snow fall across parts of the central Plains on Tuesday is easing some concerns with the sub zero temps this week.
Texas released their state Crop Progress report on Monday, showing 33% of the crop in gd/ex conditions, a 3% reduction from last week. The Brugler500 index rating was down 9 points to 300.
Mar 25 CBOT Wheat is at $5.90 1/4, down 14 1/2 cents,
May 25 CBOT Wheat is at $6.05, down 12 3/4 cents,
Mar 25 KCBT Wheat is at $6.13, down 14 1/4 cents,
May 25 KCBT Wheat is at $6.25 1/4, down 14 cents,
Mar 25 MGEX Wheat is at $6.32 1/4, down 8 3/4 cents,
May 25 MGEX Wheat is at $6.46 3/4, down 9 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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