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Barchart
Barchart
Austin Schroeder

EXPLAINED: Wheat posts tuesday gains - The Real Truth

The wheat market saw strength on Tuesday, as all three exchanges were higher on Tuesday. CBT soft red wheat futures were 8 to 9 ¾ cents in the green on the day. KC HRW futures posted 8 ½ to 9 ¼ cent gains at the close. MPLS spring wheat futures closed the Tuesday session with contracts up 1 ¾ to 3 ¾ cents. 

Crop Progress data showed the US winter wheat crop at 20% planted, down 3 points from average. Emergence was listed at 4%, on par with average. Spring wheat was 96% harvested and matches the 5-year average pace.

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