Wheat Gets Pop Higher on Tuesday
The wheat complex posted Tuesday gains across the three markets. Chicago SRW futures saw gains of 3 to 4 cents on the session. Kansas City HRW contracts were 2 to 3 cents higher across the nearbys on Tuesday. MPLS spring wheat posted gains of 6 to 7 cents in the front months.
US wheat ending stocks estimates will be updated on Thursday, as the trade is looking for 825 mbu. That would be up 6 mbu from last month if realized.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.EU soft wheat export have totaled 16.36 MMT from the July 1 marketing year tart to April 5. That lags the 24.96 MMT from the same point last year.
May 25 CBOT Wheat closed at $5.40, up 3 1/2 cents,
Jul 25 CBOT Wheat closed at $5.54, up 3 1/2 cents,
May 25 KCBT Wheat closed at $5.61 1/2, up 2 1/4 cents,
Jul 25 KCBT Wheat closed at $5.75, up 2 1/4 cents,
May 25 MGEX Wheat closed at $6.01, up 7 cents,
Jul 25 MGEX Wheat closed at $6.14 1/2, up 6 1/4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policyhere.
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