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Barchart
Barchart
Austin Schroeder

Wheat Faces Monday Losses

Chicago SRW KC HRW MPLS CBOT Wheat KCBT Wheat MIAX Wheat

The wheat complex joined in on the rest of the commodity losses on Monday. Chicago SRW contracts were 11 to 18 cents in the red. KC HRW futures closed with 10 to 16 1/4 cent losses on the day. MPLS spring wheat slipped 1 ½ to 9 ¼ cents lower.

Weekly NASS Crop Progress data showed 81% of the US winter wheat crop harvested by Sunday, 2% ahead of normal. The spring wheat crop was 92% headed, 1% behind the 5-year average pace, with 2% of the crop harvested. Spring wheat conditions were steady at 53% gd/ex, with the Brugler500 index another 3 points lower to 342.

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