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Barchart
Barchart
Austin Schroeder

Wheat Rallies on Monday, Double Digits in Some Cases

The wheat complex saw strength on Monday, with the hard red contracts pushing higher. CBT soft red wheat futures were 4 to 5 cents in the green. KC HRW futures were 10 to 12 cents higher across the nearbys. There were 14 deliveries issued on Friday night. MPLS spring wheat was up 10 to 11 cents on the session.

The USDA weekly Crop Progress report showed 85% of the US spring wheat harvest complete by September 7, 1 percentage point ahead of normal.

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