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Austin Schroeder

UNCOVERED: Wheat back to falling lower on thursday | History Defined

Chicago SRW KC HRW MPLS KCBT Wheat MIAX Wheat

The wheat complex is lower across the three markets so far on Thursday. Chicago SRW contracts are down 13 to 14 cents in the front months KC HRW futures are leading the charge lower, with contracts down 17 to 18 cents. MPLS spring wheat is trading with contracts 15 to 16 cents in the red at midday.

Fresh Export Sales data was out this morning, with a total of 296,427 MT reported in the week of July 30, which was on the lower side of 250,000 to 450,000 MT estimates. That was a 4-week high for sales, but still 59.82% below the same week last year.

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