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Austin Schroeder

Wheat Falls Back on Monday

Chicago KC MPLS

The wheat complex started the week with losses across the three markets on Monday. Chicago SRW futures were 2 ¾ to 7 ½ cents lower. KC HRW futures were fractionally to 3 cents in the red. MPLS spring wheat was mixed, with front months fractionally to a penny lower and deferreds slightly higher.

The Kansas Crop Progress report showed winter wheat conditions down 6% to 46% good/excellent, with the Brugler500 index down 11 points to 328.

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