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Barchart
Barchart
Austin Schroeder

Wheat Closes Mixed on Monday

The wheat complex closed out the Monday session with contracts mixed. Chicago SRW futures were fractionally higher across most contracts. KC contracts faded off the midday gains, with fractional to penny losses on Monday. MPLS spring wheat was down 2 to 3 1/4 cents across most contracts.

Crop Progress data after the close showed 80% of the US winter wheat crop harvested by Sunday, 1 point behind average. Spring wheat was 3% behind normal at 95% headed. Harvest was tallied at 1%. Conditions of the northern crop were down 3% to 49% gd/ex, as the Brugler500 index was down 6 to 332.

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