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Austin Schroeder

Wheat Facing Double Digit Weakness on Thursday

Chicago SRW KC HRW MPLS KCBT Wheat MIAX Wheat

The wheat complex is posting double digit losses at midday. Chicago SRW are trading down 14 to 15 1/4 cents at midday. KC HRW futures is showing 11 to 13 cent losses on Friday. MPLS spring wheat is 11 to 14 cents lower.

Money is likely coming off the table into the weekend. Exports out of the Black Sea are still limited from Russian and Ukraine despite recent calls for deescalation.

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