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Barchart
Barchart
Austin Schroeder

YOU WONT BELIEVE: Wheat closes mixed on tuesday vwh8gm5y - What They Never Told You

Chicago KC HRW MPLS HRW KCBT Wheat MIAX Wheat

The wheat complex posted mixed action on Tuesday. Chicago SRW were up ½ to 2 cents in the front months on Tuesday, with other contracts down ¼ to 1 ½ cents. KC HRW futures saw fractional to 1 ½ cent gains across the board on Tuesday. MPLS spring wheat closed with losses of ¾ to 2 cents.

NASS Crop Progress data showed 92% of the US winter wheat crop headed by Sunday, 7% ahead of normal. Harvest was pegged at 11%, faster than the 6% average pace. Conditions were down 1% to 25% gd/ex, with the Brugler500 index down 6 to 263. An average of the 5 HRW states was 211, the lowest on record, with an average of SRW states at 362.

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