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Barchart
Barchart
Austin Schroeder

Wheat Extending Correction on Tuesday as the Market Eyes the Black Sea

Wheat is under pressure on Tuesday morning as the Black Sea looks to ease. The wheat complex posted mixed trade on the Monday session. Chicago SRW contracts were down 3 ¼ cents to 4 ¼ cents higher at the close. KC HRW futures were mixed, with contracts 6 cent lower to up 3 ½ cents. MPLS spring wheat was down a penny to 12 ½ cents at the close.

On Monday, President Trump called for Ukraine to halt attacking Russian energy infrastructure, with the Kremlin reportedly open to the idea.

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