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Barchart
Barchart
Austin Schroeder

Spring Wheat Leads the Market Lower

Chicago SRW KC HRW MPLS Donald Trump

Wheat is trading with losses across the three markets on Monday. Chicago SRW wheat posted 3 to 4 cent losses on Monday. July futures expired today. KC HRW contracts are were down 1 to 2 cents on the day. There were 5 deliveries against July on Friday evening. MPLS spring wheat was down 10 to 11 cents on Monday.

The Monday afternoon Crop Progress report showed the US winter wheat crop at 63% harvested, 1% below the 5-year average pace. The Spring wheat crop was 78% headed, 3% ahead of normal, with conditions up 4% to 54% gd/ex, as the Brugler500 index was up 4 points to 345.

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