
Wheat is trading with contracts 1 to 3 cents lower in the three main markets. The wheat complex closed mixed across the three exchanges on Wednesday. The Chicago SRW market was 4 to 5 cents lower on the day. KC HRW contracts were fractionally in the red in the nearbys on Wednesday. MPLS spring wheat futures were steady to 2 cents in the green.
The next 7 days are expected to be drier across much of the Southern Plains and SRW regions.
Japan has issued a tender for 126,893 MT of wheat from the US, Canada, and Australian, with 30,793 MT US specific. Thailand passed on their tender for 195,000 MT of wheat on Wednesday.
Mar 25 CBOT Wheat closed at $5.54, down 4 3/4 cents, currently down 2 1/2 cents
May 25 CBOT Wheat closed at $5.67 1/4, down 4 1/4 cents, currently down 2 1/4 cents
Mar 25 KCBT Wheat closed at $5.74 3/4, down 3/4 cent, currently down 1 1/2 cents
May 25 KCBT Wheat closed at $5.85, down 1/2 cent, currently down 1 3/4 cents
Mar 25 MGEX Wheat closed at $6.06 1/2, up 2 cents, currently down 1 1/2 cents
May 25 MGEX Wheat closed at $6.16 3/4, up 1 3/4 cents, currently down 1 1/4 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.