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Barchart
Barchart
Austin Schroeder

Wheat Extending Gains to Thursday and 3-year Highs

CBT Chicago SRW KC HRW

The wheat complex is extending the gains to 3-year highs in the winter wheat on Thursday. Chicago SRW contracts are 9 to 10 cents higher on Thursday. KC HRW futures are showing 10 to 12 cent gains in the front months. Both KC and CBT wheat markets have expanded limits of 70 cents today. MPLS spring wheat us showing 5 to 8 cent gains at midday.

The Black Sea conflict continues to remain elevated following Wednesday’s reports that Russia is looking to escalate. The next 4 month period is normally peak shipment season.

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