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Barchart
Barchart
Austin Schroeder

Wheat Seeing a Thursday Bounce Back

The wheat complex is mostly higher across the three exchanges on Thursday. CBT soft red wheat futures are up 5 to 6 cents in the front months on Thursday. KC HRW futures are up 1 to 2 cents so far at midday. There were another 6 deliveries issued overnight. MPLS spring wheat is fractionally higher, as soon to expire September is thin.

Weekly Export Sales data from this morning showed another weak round of sales, with 305,351 MT in sales, on the low end of 300,000 and 650,000 MT in estimates in the week ending on 9/4. That was the second lowest total for the marketing year

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