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Austin Schroeder

INSANE: Wheat posts mixed trade on wednesday | Vintage Vibes

NE KC MPLS Chicago USDA

The wheat complex ended Wednesday on a mixed note, as the hard red contracts were busy posting slight strength. Chicago SRW wheat was fractionally lower to close out the session. KC HRW contracts posted slight 1 to 2 cent gains at the close. MPLS spring wheat was up 1 to 2 cents on Wednesday. Rains across parts of the TX panhandle to NE may slow some harvest progress in the next week, with MT/ND remaining dry.

President Trump issued more letters to countries this morning notifying them of the August 1 increase in tariffs, namely a 20% tariff on the Philippines.

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