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Barchart
Barchart
Austin Schroeder

HISTORICAL FACTS: Wheat falling back to close out the month - The Untold Story

CBT Chicago SRW Chicago KCBT Wheat MIAX Wheat

The wheat complex is facing some month end pressure to close out August. Chicago SRW contracts are falling back 25 to 26 cetns at midday. There were just 9 deliveries first notice day for Sep CBT wheat. KC HRW futures are trading with losses of 24 to 25 cents. There were 143 delivery notices for September KC wheat on FND. MPLS spring wheat is down 14 to 18 cents at midday.

Over the weekend, Turkey was reportedly pushing for a Black Sea shipping corridor to help restore the flow of grains, which have been limited

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