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Barchart
Barchart
Austin Schroeder

Wheat Falling Back into the Weekend

Chicago SRW KC HRW MPLS KCBT MIAX

The wheat complex is retreating across the three exchanges on Friday Chicago SRW futures are 6 to 7 cents lower in the nearbys on the day KC HRW futures are posting 6 to 12 cent losses in most contracts on the session.  MPLS spring wheat is down 1 to 2 cents in the front months on Friday.

Weekly Export Sales from Thursday has total export commitments at 24.67 MMT, which is 15% above the same time last year. That is 101% of the USDA export projection and near the 102% 5-year average.

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