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Austin Schroeder

FORGOTTEN HISTORY: Wheat rallying on friday with russian rumors - Caught on Camera

KC Russia United States CBT Chicago SRW CBOT Wheat KCBT Wheat MIAX Wheat

The wheat complex is trading with double digit gains across most contracts on Friday. Chicago SRW contracts are trading with 19 to 23 1/2 cent gains at midday. There were 2 deliveries against CBT wheat overnight, with 53 for July KC wheat. KC HRW futures are up 22 to 23 cents so far on Friday. MPLS spring wheat is 12 to 13 in the green on the session.

Wheat is gaining steam on Friday after reports that Russia is considering restricting export flows through the Sea of Azov. Nearly a quarter of Russia’s wheat shipments exit the region.

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