Wheat was in recovery mode on Wednesday with strength across the three exchanges. Chicago SRW futures were 11 to 13 cents higher on the day. KC HRW futures were up 6 to 9 cents so far across most front months. MPLS spring wheat was up 8 cents in the May contract, as March is thin and in deliveries. Â
President Trump is delaying part of the tariffs on Mexico and Canada by a month, with an exemption for auto under the condition they comply with the USMCA trade agreement. 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 the Texarkana area.Â
Mar 25 CBOT Wheat  closed at $5.30 3/4, up 12 1/4 cents,
May 25 CBOT Wheat  closed at $5.48 1/4, up 11 1/2 cents,
Mar 25 KCBT Wheat  closed at $5.42 1/4, down 5 1/4 cents,
May 25 KCBT Wheat  closed at $5.57, up 8 1/2 cents,
Mar 25 MGEX Wheat  closed at $5.72 1/2, down 3 1/2 cents,
May 25 MGEX Wheat  closed 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.
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