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Barchart
Barchart
Austin Schroeder

Wheat Back to Mixed Trade at Midday

Chicago HRW KC MPLS Bangladesh CBOT KCBT MGEX

The wheat complex is mixed on Wednesday with HRW holding up. Chicago SRW futures are 4 to 5 cents in the red. KC contracts are up 2 to 4 cents so far on the day. MPLS spring wheat is fractionally lower in the front months.

The Bangladesh government has approved an initial purchase of 220,000 MT of US wheat in order to help ease some trade tensions. On Wednesday morning, President Trump posted that tariffs on India will rise to 25% on August 1, citing the trade deficit and their buying of Russian crude oil.

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