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Barchart
Barchart
Austin Schroeder

Wheat Heads Lower on Wednesday

Chicago SRW MPLS

The wheat complex saw weakness across most contracts on Wednesday. Chicago SRW futures were steady to 3 cents in the red on the day. KC HRW futures were down 2 to 4 cents on Wednesday. MPLS spring wheat was 4 to 5 cents lower at the close. There were no deliveries issued against December CBT wheat overnight, with another 66 against December KC wheat.

Export Sales data for the week ending on October 31 will be out on Thursday, with traders looking for between 250,000 and 650,000 MT in wheat bookings. 

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