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Barchart
Barchart
Austin Schroeder

EXPLAINED: Wheat posting wednesday losses - The Real Truth

Chicago SRW KC HRW MPLS CBOT KCBT MIAX

The wheat complex is posting losses across most contracts at midday. Chicago SRW futures are down 6 to 7 cents at midday. KC HRW futures are slipping 6 to 7 cents at midday. There were 91 deliveries issued against March KC wheat overnight.  MPLS spring wheat is down 4 to 5 cents in the front months.

The Kansas Crop Progress report from Tuesday afternoon showed winter wheat conditions at 58% good/excellent, or 353 on the Brugler500 index. That was down from 61% gd/ex (359) in early February. 

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