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Barchart
Barchart
Austin Schroeder

Wheat Bulls Putting it in Rally Mode at Midday

KC HRW MPLS CBOT KCBT MGEX

The wheat complex bulls are finally finding their footing on Thursday. CBT soft red wheat futures are 7 to 8 cents higher so far on the day. KC HRW futures are 10 to 11 cents higher at the midday portion of Thursday. MPLS spring wheat futures are tallying 6 to 8 cents across the board.

USDA did not be their weekly Export Sales report on Thursday due to the continued government shutdown. Still, traders are looking for between 350,000 and 650,000 MT of wheat was sold in the week ending on 10/16.

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