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Austin Schroeder

Wheat Facing Losses at Midday

Chicago SRW KC MPLS CBOT Wheat KCBT Wheat MIAX Wheat

The wheat complex is showing modest losses on Friday. Chicago SRW futures are 1 to 2 cents in the red so far on the day. KC HRW futures are 2 to 3 cents in the red at midday. MPLS spring wheat is down 1 to 2 cents in the front months on Friday. Crude oil losses of $3.01 continue to add pressure.

USDA Export Sales data has the new crop wheat sales commitments at 3.925 MMT, which is now down 26.44% from the same week last year.

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