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Barchart
Barchart
Austin Schroeder

UNBELIEVABLE: Wheat rallying into christmas break - The Untold Story

Chicago SRW KC KC HRW MPLS Chicago KCBT MGEX

The wheat complex is showing gains across most contracts on Wednesday. Chicago SRW futures are 7 to 8 cents higher so far on the short session. KC HRW futures are up 6 to 7 cents in the nearbys. MPLS spring wheat is steady to 2 cents higher at midday. The markets will close early today and remain closed for Christmas on Thursday with a hard open at 8:30 am CST on Friday.

Export Sales data as of December 11 has the wheat export commitment total at 19.855 MMT, which is 22% ahead of last year. That is also 81% of USDA’s full marketing year projection and faster than the 79% average sales pace.

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