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Barchart
Barchart
Austin Schroeder

Wheat Falls Further into the Close, as Spring Wheat Collapses

KC HRW MPLS

The wheat market continues to be under pressure, with contracts falling across all three markets. CBT soft red wheat futures were 7 to 8 cents lower at the close. KC HRW futures closed with Wednesday losses of 4 to 7 ½ cents.  MPLS spring wheat collapsed late in the day, down 13 to 15 ¼ cents on the session.

Ahead of the Thursday Export Sales report, analysts estimate a total of 400,000 MT to 700,000 MT of wheat sold in the week ending on August 21.

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