Wheat is rallying at Monday’s midday, with contracts higher across all three markets. Chicago SRW futures are up 11 to 12 cents so far on the day. KC HRW contracts are trading with midday gains of 13 to 14 cents. MPLS spring wheat futures are rallying 13 to 14 cents so far.
All wheat shipments totaled 412,342 MT (15.15 mbu) during the week of Jan 2 according to Export Inspections data. That was 21.6% above last week but down 17.85% from the same week last year. Of that, 147,060 MT was shipped to Mexico. Marketing year shipments have totaled 12.718 MMT (467.29 mbu), which is still 25.1% from the same time last year.
Mar 25 CBOT Wheat is at $5.41 1/4, up 12 cents,
May 25 CBOT Wheat is at $5.52 3/4, up 11 3/4 cents,
Mar 25 KCBT Wheat is at $5.52 3/4, up 13 3/4 cents,
May 25 KCBT Wheat is at $5.61 1/4, up 14 cents,
Mar 25 MGEX Wheat is at $5.91 1/2, up 13 3/4 cents,
May 25 MGEX Wheat is at $5.99 1/2, up 13 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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