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Barchart
Barchart
Austin Schroeder

Wheat Pushing Higher As Planting Progress Drags

Chicago SRW KC HRW MPLS CBOT Wheat KCBT Wheat MIAX Wheat

The wheat complex is in rally mode on Tuesday. Chicago SRW contracts are 7 to 9 cents higher on Tuesday. KC HRW futures are up 12 to 13 cents in the front months. MPLS spring wheat is trading with contracts 8 to 9 cents higher at midday.

Monthly trade data from Census showed 2.057 MMT (75.58 mbu) of wheat exported in August, which was 23.47% below last year but up 24.83% from last month.

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