Wheat is posting Wednesday midday strength across the three markets. Chicago SRW futures are 11 to 12 cents higher so far on the day. KC HRW futures are up 6 to 8 cents so far across most front months. There were another 85 delivery notices for March KC wheat overnight, with 3 deliveries for March CBT wheat. MPLS spring wheat is up 8 cents in the May contract, as March is thin and in deliveries. Â
Reports are surfacing that the US is throwing around a delay in the implementation of tariffs on autos from Mexico and Canada, though nothing has been made official. President Trump spoke with President Trudeau of Canada this morning though there are no updates to this point on how the meeting went.Â
After a wetter past few days in parts of SRW country and the eastern half of the Plains, the next week is looking a little drier for much of KS, and portions of OK and Southern TX. Lighter precip totals are seen in parts of northern TX and southern OK, with heavier totals near Texarkana.Â
Mar 25 CBOT Wheat  is at $5.30, up 11 1/2 cents,
May 25 CBOT Wheat  is at $5.48 1/4, up 11 1/2 cents,
Mar 25 KCBT Wheat  is at $5.34, down 13 1/2 cents,
May 25 KCBT Wheat  is at $5.56 1/4, up 7 3/4 cents,
Mar 25 MGEX Wheat  is at $5.64 1/2, down 11 1/2 cents,
May 25 MGEX Wheat  is at $5.88, up 8 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.
/Broadcom%20Inc%20logo%20on%20building-by%20Poetra_%20RH%20via%20Shutterstock.jpg)
/Nvidia%20logo%20on%20phone%20screen%20with%20stock%20chart%20by%20xalien%20via%20Shutterstock.jpg)
