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Barchart
Barchart
Austin Schroeder

Wheat Losses Continuing at Midday on Wednesday

KC HRW MPLS CBOT KCBT MGEX

The wheat market is showing losses across all three markets on the Wednesday midday. CBT soft red wheat futures are 7 to 8 cents lower on Wednesday. KC HRW futures are posting losses of 5 to 7 ½ across the front months at midday.  MPLS spring wheat is down 8 to 9 cents across most contracts.

Ahead of the Thursday Export Sales report, analysts estimate a total of 400,000 MT to 700,000 MT of wheat sold in the week ending on August 21.

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