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Barchart
Barchart
Austin Schroeder

Wheat Closes with Mixed Action

KC HRW MPLS CBOT

The wheat complex saw mixed trade on Tuesday, with spring wheat leading the way higher. CBT soft red wheat futures were fractionally to 2 cents higher. KC HRW futures saw Tuesday trade steady to 4 cents lower. MPLS spring wheat futures were up 5 to 6 cents on the day.

USDA is expected to release their WASDE this Friday despite the ongoing shutdown, with a Reuters survey showing analysts looking for US wheat stocks at 867 mbu, a 23 mbu increase from the September report, likely including the increased production.

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