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Barchart
Barchart
Austin Schroeder

Wheat Easing Back Lower on Tuesday

The wheat complex are mostly lower so far on Tuesday, with weakness across much of the board. CBT soft red wheat futures are down 2 to 3 cents on Tuesday. KC HRW futures are down 5 to 6 cents so far at midday. There were another 2 deliveries issued overnight. MPLS spring wheat is down 4 to 5 cents in the nearbys.

The USDA weekly Crop Progress report showed 85% of the US spring wheat harvest complete by September 7, 1 percentage point ahead of normal. Montana and the Dakotas were lagging behind, with the other three major states ahead of normal harvest pace.

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