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Barchart
Austin Schroeder

UNBELIEVABLE: Wheat close with gains on tuesday | History Defined

Chicago SRW Co KC HRW MPLS CBOT Wheat HRW KCBT Wheat

The wheat complex was back in rally mode with gains across the three markets on Tuesday. Chicago SRW futures were 5 to 8 cents higher on the session. KC HRW futures saw 7 ½ to 9 ¾ cent gains on the day. MPLS spring wheat was up 3 to 11 1/2 cents in the front months on Tuesday.

Crop Progress data showed the US spring wheat at 12% planted, matching the normal pace from the last 5 years. Emergence was pegged at 2%. 

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