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Austin Schroeder

Wheat Bouncing Higher on Midday

Chicago SRW KC HRW MPLS CBOT HRW KCBT MIAX

The wheat complex is showing strength on Tuesday with contracts higher at midday. Chicago SRW futures are up 5 to 6 cents so far on the Tuesday session. KC HRW futures are 7 to 8 cents higher so far at midday. MPLS spring wheat is 6 to 8 cents in the green. Crude oil is up $5.01 on Tuesday.

The Kansas Crop Progress report showed winter wheat conditions down 6% to 46% good/excellent, with the Brugler500 index down 11 points to 328.

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