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Barchart
Barchart
Austin Schroeder

Wheat Falls Lower on Wednesday

Chicago SRW KC KC HRW MPLS USDA nickel

Wheat posted Wednesday weakness, as futures saw a delayed response to USDA’s added world production from Tuesday. Chicago SRW futures poste losses of a nickel in the front months on the midweek session. KC HRW futures saw losses of 3 to 4 cents on Wednesday. MPLS spring wheat as steady to a penny lower.

The weekly Export Sales report will get another catch-up release on Thursday morning. Analysts are looking for between 200,000 to 600,000 MT in sales for the week ending on 11/13.

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