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Barchart
Barchart
Austin Schroeder

Wheat Showing Mixed Trade on Monday Morning

Wheat USDA Chicago SRW Stock Market CBOT Wheat KC KCBT Wheat MIAX Wheat

Wheat is starting off Monday trade with slightly mixed trade. The wheat complex saw pressure on Friday following a bearish USDA report that saw a stocks hike. Chicago SRW contracts were 10 to 12 ½ cents in the red with December slipping 12 cents since last Friday. Open interest was up 5,494 contracts on Friday. KC HRW futures were 10 to 17 ¼ cents lower in the front months, as December was 16 cents lower last week. OI was down 1,790 contracts. MPLS spring wheat was down 2 ¾ to 10 ¾ cents on Friday with December 2 ¾ cents lower on the week.

The government will be closed for today due to the Columbus Day Holiday, with the Export Inspections and Crop Progress reports pushed to Tuesday.

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