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Barchart
Barchart
Austin Schroeder

INSANE: Wheat sees gains on tuesday - The Real Truth

The wheat complex found late session strength on Tuesday. Chicago SRW contracts were 3 ¼ to 7 ¼ cents in the green on the day. KC HRW futures were 1 ¼ to 4 ¾ cents higher at the close. MPLS spring wheat was up 1 ¼ to 4 ½ cents in most contracts, as nearby July was 11 ½ cents higher.

NASS Crop Progress data showed 59% of the US winter wheat crop harvested by Sunday, 8% ahead of normal. Conditions were steady at 26% gd/ex, with the Brugler500 index up 1 point to 262. That was the final rating for the crop. The average of the major HRW states was at 209, with SRW states at 360.

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