The wheat complex is higher as we trade through Tuesday’s midday. Chicago SRW futures are 5 cents in the green so far on Tuesday. KC HRW futures are 5 to 6 cents higher at midday. MPLS spring wheat futures are trading with 2 to 7 ¼ cent gains on Tuesday. Reports suggest that Ukraine is agreed to some core terms of a peace plan proposed by President Trump, though nothing is official, with likely more talks needed.
Delayed Export Sales data from the week of 10/9 saw 613,899 MT of wheat sold, which was on the higher side of trade estimates of 350,000 to 650,000 MT of wheat sold in that week. That was below the week prior, but up 21.78% from the same week last year.
