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Barchart
Barchart
Austin Schroeder

Wheat Holding onto Tuesday Gains as Crop Conditions Drop

Chicago SRW KC HRW MPLS SRW CBOT Wheat KCBT Wheat MIAX Wheat

The wheat market is trading with contracts mostly higher at midday on Tuesday. Chicago SRW futures are 5 to 6 cents higher at midday. KC HRW futures are up 4 to 5 cents so far on the day. MPLS spring wheat is showing fractionally mixed action at midday.

Crop Progress data showed the US spring wheat crop at 73% planted, now 7 percentage points ahead of the 5-year average pace of 66%. Montana and Washington were the only state to be reported below normal planting pace. Emergence was pegged at 39%.

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