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Barchart
Barchart
Austin Schroeder

UNCOVERED: Wheat weakness continuing on tuesday morning | History Defined

CBOT Wheat KCBT Wheat MIAX Wheat

Wheat is starting Tuesday with contracts on the lower side. The wheat complex posted losses across the three exchanges on Monday. Chicago SRW was down 9 1/2 to 14 3/4 cents on the day. Open interest was down 2,024 contracts suggesting some longs were liquidating. KC HRW futures were 11 to 16 3/4 cents lower the close. OI slipped 3,406 contracts. MPLS spring wheat was 4 1/2 to 11 3/4 cents in the red.

Early this morning reports suggested the constructive meetings on Monday, with US and Russian officials on peacefully resolving the war in Ukraine.

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