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Barchart
Barchart
Austin Schroeder

EXPLAINED: Wheat back to rallying on tuesday | Rare Historical Photos

Chicago SRW KC HRW MPLS CBOT Wheat KCBT Wheat MIAX Wheat

The wheat complex is trading with gains across the three exchanges at midday. Chicago SRW contracts are up 10 to 12 cents higher so far on the day. KC HRW futures are 10 to 12 cents at midday. MPLS spring wheat is trading with 5 to 6 cent gains so far. July futures expire on Tuesday.

NASS Crop Progress data showed 67% of the US winter wheat crop harvested by Sunday, 6% ahead of normal. The spring wheat crop was 72% headed, in line with the 5-year average pace. Spring wheat conditions were 58% gd/ex, up 1%, with the Brugler500 index 3 points lower to 351. Ratings in MT were back down 18 points, with ID and SD slipping 7. Improvement was noted in MN (+8) and ND (+6).

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