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Austin Schroeder

Wheat Posting Gains on Some Black Sea Updates

Chicago SRW KC HRW MPLS CBOT KCBT MGEX

The wheat complex is showing strength on Tuesday. Chicago SRW futures are 4 to 7 cents higher on Tuesday. KC HRW futures are 5 to 6 cents in the green on Tuesday.  MPLS spring wheat are up 4 to 5 cents at midday. There were no deliveries issued against December CBT wheat overnight, with another 7 against December KC wheat.

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

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