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Barchart
Barchart
Austin Schroeder

Wheat Popping Higher at Midweek

The wheat complex is showing the bulls battle back across all three markets on Wednesday. CBT soft red wheat futures are 8 to 8 1/2 cents higher on the day. KC HRW futures are 4 cents higher across the nearbys. MPLS spring wheat is up 3 to 4 cents in the front months

US prices are competitive on the world market, and recent Export Sales reports have shown the business. Traders are looking for 500,000 to 800,000 MT of wheat sales in the week that ended on August 14.

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