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Barchart
Barchart
Austin Schroeder

BIZARRE: Wheat gets a thursday bounce on export news - What They Never Told You

The wheat complex found strength midway through the Thursday session following China rumors and a marketing year high in export business. Chicago SRW contracts were up 1 to 4 ¾ cents. KC HRW futures were 1 ¼ to 2 ¼ cents higher at the close. MPLS spring wheat was up 2 ¾ to 5 cents on the session.

There were wire reports on Thursday of China’s COFCO inquiring on US SRW wheat for import.

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