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Barchart
Barchart
Austin Schroeder

Wheat Posts Losses on Tuesday, as Bulls Fail to Follow Through from Monday

KC HRW MPLS CBOT

The wheat complex was lower on Tuesday, with weakness across much of the board. CBT soft red wheat futures were down 3 to 5 cents on Tuesday. KC HRW futures were 4 to 7 cents lower at the close. There were another 2 deliveries issued overnight. MPLS spring wheat was 2 to 4 cents in the red at the final bell.

The USDA weekly Crop Progress report showed 85% of the US spring wheat harvest complete by September 7, 1 percentage point ahead of normal. Montana and the Dakotas were lagging behind, with the other three major states ahead of normal harvest pace.

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