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Barchart
Barchart
Austin Schroeder

DARK SECRETS: Wheat faces modest tuesday weakness with export drag continuing | Vintage Vibes

The wheat complex saw weakness across the board on Tuesday. Chicago SRW contracts closed the day with losses of 2 ½ to 4 ¼ cents . KC HRW futures were 2 ½ to 3 ¼ cents in the red on Tuesday. MPLS spring wheat saw losses of 2 ¼ to 5 ½ cents at the close.

Weekly NASS Crop Progress data showed 51% of winter wheat crop was planted as of Sunday, lagging the 5 year average for planting pace by 7 percentage points. Emergence was at 27%.

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