Wheat Closes Mixed on Tuesday
Wheat posted mixed action on Tuesday, hard red contracts the weakest and soft market the strongest. Chicago SRW futures were up 1 to 2 cents on the session. KC HRW settled with fractional losses on Tuesday. MPLS spring wheat futures were down 3 to 4 cents in most front months at the close
Portions of the Western Plains have very little snow cover, with little precip in the forecast and a cold front coming in this weekend.
Japan has issued a tender for 132,888 MT of wheat for import from the US, Canada, and Australia, with 48,308 MT US specific.
Mar 25 CBOT Wheat closed at $5.46 1/4, up 1 1/4 cents,
May 25 CBOT Wheat closed at $5.58 1/4, up 1 1/2 cents,
Mar 25 KCBT Wheat closed at $5.60 3/4, down 1/4 cent,
May 25 KCBT Wheat closed at $5.70 1/4, down 1/4 cent,
Mar 25 MGEX Wheat closed at $5.89 1/2, down 4 cents,
May 25 MGEX Wheat closed at $5.98 1/4, down 3 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 Policy here. More news from Barchart