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Barchart
Barchart
Austin Schroeder

INSANE: Wheat falling back on tuesday xr4mijsc | Vintage Vibes

Chicago SRW Black Sea KCBT Wheat MIAX Wheat

Wheat is trading with contracts down 8 to 12 cents across the three markets on Tuesday morning. The wheat complex posted strength on Monday, with all three exchanges higher as tensions in the Black Sea filed to cool off over the weekend. Chicago SRW saw gains of 5 ¾ to 12 ¾ cents across the board. Open interest was down 3,541 contracts, mainly in nearby December. KC HRW futures were up 4 to 10 3/4 cents. OI rose 1,547 contracts. MPLS spring wheat was 4 ½ to 5 ¾ cent gains on the session.

Attacks in the Black Sea continue, with reports of Russian strikes on a Ukrainian refinery overnight.

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