The wheat complex is trading with losses across the three markets on Friday. Chicago SRW futures are 6 to 7 cents in the red at midday. KC HRW futures are falling back 5 to 6 cents in the front months. MPLS spring wheat is down 5 to 6 cents at midday.
Export Sales data shows accumulated wheat sale commitments at 21.595 MMT, which is 18% ahead of the same week last year. That is 88% od USDA’s forecast and in line with the 89% average pace.
Mar 26 CBOT Wheat is at $5.34 3/4, down 6 3/4 cents,
May 26 CBOT Wheat is at $5.44, down 6 1/4 cents,
Mar 26 KCBT Wheat is at $5.41 1/4, down 5 3/4 cents,
May 26 KCBT Wheat is at $5.52 1/4, down 5 1/2 cents,
Mar 26 MIAX Wheat is at $5.76 1/4, down 5 1/4 cents,
May 26 MIAX Wheat is at $5.89 1/4, down 5 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.
