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Barchart
Barchart
Austin Schroeder

Wheat Holding Near $5 on Tuesday

The wheat complex is mostly lower on Tuesday, with spring wheat holding steady. CBT soft red wheat futures are 4 to 5 cents lower so far on the day. KC HRW futures are falling 6 to 7 cents, with September holding at $5. MPLS spring wheat is trading with fractional gains across the front months.

Crop Progress data from USDA showed the US winter wheat 94% harvested, with 95% the normal harvest pace. The spring wheat harvest was 36% complete, behind the even with the 5-year average. Conditions were listed at 50% gd/ex, up 1%, with the Brugler500 index back up 2 points at 333.

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