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Barchart
Barchart
Austin Schroeder

Wheat Collapses Lower on Tuesday

The wheat complex was pressure across the three markets on Tuesday, with spring wheat leading the bears. Chicago SRW contracts were 8 1/4 to 10 3/4 cents in the red at the close. KC HRW futures posted 13 to 15 1/4 cent losses across the board. MPLS spring wheat was 14 to 24 3/4 cents to lead the bears.

Much if the spring wheat area from MN to ID is expected to receive 1-2 inches of rainfall in the next week, with heavier totals in Canada.

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