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Barchart
Barchart
Austin Schroeder

Wheat Fades Off Thursday Strength into the Close

The wheat complex posted gains across the three exchanges on Thursday, following increased Black Sea tensions. Chicago SRW contracts were 2 ¾ to 7 ½ cents higher at the close. KC HRW futures were 5 1/4 to 8 1/2 cents in the green on the day. MPLS spring wheat was up 6 ½ to 7 1/2 cents.

Overnight, there was a Ukrainian drone strike on a Russian grains export terminal in Taman on the Kerch Strait, causing significant damage.

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