Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Austin Schroeder

Wheat Rallying on Friday

The wheat complex is trading with double digit gains on Friday. Chicago SRW futures are up 14 to 16 cents so far on the day. KC HRW futures are 19 to 20 cents in the green in the front months. MPLS spring wheat is showing 12 to 13 cent gains at midday. Crude oil is bouncing off early lows and up $1.19 at midday.

USDA’s Export Sales data has wheat export commitments at 23.663 MMT, which is up 11% from last year. That is also 97% of the USDA export projection at 900 mbu and behind the 99% average sales pace. Shipment data is running ahead of schedule, at 18.894 MMT, which is 77% of USDA’s number vs. the 74% average pace.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.