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Barchart
Barchart
Austin Schroeder

Wheat Holding onto Gains at Midday

Chicago KC MPLS KCBT MIAX

The wheat complex is holding higher on Wednesday, after retreating from early highs. Chicago SRW futures are trading with 1 to 3 cent gains at midday. KC HRW futures are 7 to 8 cents in the green on Wednesday. MPLS spring wheat is 4 to 7 cents higher in the front months.

The next 7-day’s via the NOAA forecast looks dry in much of Kansas, with parts of OK and TX seeing 1 to 2 inches. With OK at 43% headed and TX at 65%, that may come too late. 

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