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Barchart
Barchart
Austin Schroeder

Wheat Collapsing on Tuesday

The wheat complex is continuing the losses at midday on Tuesday. Chicago SRW futures are 9 to 11 3/4 cents lower across most contracts. KC HRW futures are 6 to 7 cents in the red at midday. MPLS spring wheat is down 2 to 3 cents across the front months.

The forecast for the next week call for a dry pattern in much of the Southern Plains. The 7-day QPF from NOAA shows SRW country with as much as an inch.

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