Wheat is holding its own on Thursday morning, up across all three markets. The wheat complex ended Wednesday on a mixed note, as the hard red contracts were busy posting slight strength. Chicago SRW wheat was fractionally lower to close out the session. KC HRW contracts posted slight 1 to 2 cent gains at the close. July KC wheat had another 16 delivery notices overnight. MPLS spring wheat was up 1 to 2 cents on Wednesday. Rains across parts of the TX panhandle to NE may slow some harvest progress in the next week, with MT/ND remaining dry.
President Trump issued more letters to countries on Wednesday notifying them of the August 1 increase in tariffs, notably a 20% tariff on the Philippines.
