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Barchart
Barchart
Austin Schroeder

MYSTERIOUS: Wheat sees rally on tuesday with weaker us dollar | Mind Blowing Facts

The wheat complex posted higher trade across the three markets on Tuesday. CBT soft red wheat futures posted 9 cent gains across the nearby contracts on Tuesday. KC HRW futures rallied 9 to 10 cents in the front months. MPLS spring wheat futures were up 4 to 5 cents at the close. A weaker US dollar index, down $0.635 was supportive to the complex.

Crop Progress data from NASS showed the US spring wheat crop at 94% harvested, which is 2% faster than normal. The winter wheat crop was listed at 11% planted, vs. the 13% 5-year average pace.

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