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Barchart
Barchart
Austin Schroeder

Wheat Falling at Midday

Chicago SRW KC HRW MPLS CBOT KCBT MIAX

The wheat complex is facing pressure on Thursday’s midday. Chicago SRW futures are down 18 to 29 cents in the front months. KC HRW futures are leading the charge, with 20 to 22 cent losses. MPLS spring wheat is trading with 17 to 19 cent losses at midday. There were 19 deliveries against May CBT wheat overnight. May expires today. 

Day 2 of the Kansas Wheat Quality Tour showed an average of 39.3 bpa yield, the lowest day 2 total for the tour since 2023 and below the 53.3 bpa last year. Thursday is the final day of the tour with the average released later in the day.

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