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Barchart
Barchart
Austin Schroeder

Wheat Rallies into Christmas Break

Chicago SRW KC HRW MPLS KCBT

The wheat complex posted strength on Wednesday, with all three exchanges seeing gains. Chicago SRW futures were 4 to 6 cents higher on Wednesday’s short session. KC HRW futures were up 5 to 6 cents in the nearbys. MPLS spring wheat was steady to a penny higher on the day. The markets will be closed for Christmas on Thursday with a hard open at 8:30 am CST on Friday.

Export Sales data as of December 11 has the wheat export commitment total at 19.855 MMT, which is 22% ahead of last year. That is also 81% of USDA’s full marketing year projection and faster than the 79% average sales pace.

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