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Barchart
Barchart
Austin Schroeder

Wheat Pops Higher on Black Sea Updates

Chicago SRW KC MPLS

The wheat complex posted strength at the Tuesday close. Chicago SRW futures were 6 to 7 1/2 cents higher on the day. KC HRW futures were 6 to 7 cents in the green on Tuesday.  MPLS spring wheat were up 4 to 5 cents at the close. There were no deliveries issued against December CBT wheat overnight, with another 7 against December KC wheat.

Support was from threats from Russia to cut off Ukraine from the sea if their attacks on Russian linked vessels continue. 

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