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Austin Schroeder

FORGOTTEN HISTORY: Wheat falling lower on friday - Caught on Camera

Chicago SRW KC HRW MPLS CBOT KCBT MIAX USDA

The wheat complex posted gains across all three exchanges on Thursday. Chicago SRW futures are 5 to 9 cents lower. KC HRW futures are 10 to 12 cents in the red in the front months. MPLS spring wheat is down 6 to 7 cents at midday. The markets will be closed on Monday for President’s Day.

Export Sales data from USDA has wheat export commitments at 22.467 MMT, a 16% increase from last year. That is 92% of USDA’s export numbers and in line with the 93% average pace.

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