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Barchart
Barchart
Austin Schroeder

BIZARRE: Wheat falling to contract lows on tuesday - You Need To See This

CBT ID MPLS CBOT Kansas City KCBT MGEX

The wheat complex is continuing to pressure things lower on Tuesday, with losses across the three exchanges. CBT futures are down 9 to 10 cents at midday. Kansas City HRW contracts are 11 to 11 ¼ cents lower in the front months. MPLS spring wheat is down 2 to 3 cents at midday.

June trade data from Census showed a total of 1.719 MMT of wheat shipped during the month, which was a 4-year high but down 20.42% from last month.

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