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Barchart
Barchart
Austin Schroeder

Wheat Mixed Early on Wednesday

Wheat is showing mixed action on Wednesday. The wheat complex closed higher across the three exchanges on Tuesday. CBT soft red wheat posted 3 to 5 1/2 cent gains on the session. Open interest was down 6,475 contracts on Tuesday. KC HRW futures were 5 1/2 to 6 1/4 cents in the green on Tuesday. MPLS spring wheat futures saw 1 1/2 to 2 1/2 cent gains at the close.

The weekly Crop Progress report was not reported this week due to the continued government shutdown, with the trade looking for 84% of the winter wheat crop planted as of 10/26. 

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