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Barchart
Barchart
Austin Schroeder

BIZARRE: Wheat falling early on thursday - What They Never Told You

Chicago SRW CBOT Wheat European Union KCBT Wheat MIAX Wheat

Wheat is showing double digit weakness in the winter wheat contracts early on Thursday morning. The wheat complex rounded out the Wednesday session, with the three exchanges pushing higher. Chicago SRW contracts closed with contracts 1 ½ to 6 ½ cents in the green. Open interest was up 1,315 contracts on Wednesday, mainly in the December contract. KC HRW futures were 1 to 5 cents in the green at the close. OI rose 1,451 contracts on Wednesday. MPLS spring wheat saw strength, with contracts up 2 ½ to 7 ½ cents.

Export Sales data will be updated this morning, as analysts surveyed by Reuters are looking for bookings between 150,000 and 500,000 MT in the week ending on September 10.

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