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Barchart
Barchart
Austin Schroeder

Wheat Mixed, with Spring Wheat Pressured by Canadian Data

The wheat complex is higher in the winter wheat contracts on Thursday, with sprung wheat lower. Chicago SRW futures are trading with 2 to 3 cent midday gains.  KC HRW futures are up 4 to 5 cents at midday. MPLS spring wheat is down 2 to 3 cents in the front months.

USDA released Export Sales data for the week ending on October 31 this morning, showing 505,415 MT of wheat sold int that week. That was in the middle of traders looking for between 250,000 and 650,000 MT and was a 3-week high for bookings.

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