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Barchart
Barchart
Austin Schroeder

Wheat Showing Weakness on Thursday

KC HRW MPLS CBOT KCBT MGEX

The wheat complex is falling back at midday. CBT soft red wheat futures are down 7 to 8 cents so far. KC HRW futures are 9 to 10 cents in the red at midday.  MPLS spring wheat futures are down 4 to 5 cents across most contracts on Thursday.

There is likely a little sell the fact type of reaction within the market following the Trump/Xi meeting in South Korea on Wednesday evening. Nothing on wheat specific was mentioned, other than the tariffs being lifted. 

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