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Barchart
Barchart
Austin Schroeder

Wheat Starting Off Tuesday with Mixed Trade

KC Chicago SRW MIAX

Wheat is mixed, with the winter wheat contracts higher and spring wheat lower on Tuesday morning. The wheat complex posted mixed action on Monday, with KC the weakest. Chicago SRW futures were mostly fractionally to 2 ¾ cents higher. Open interest rose 3,302 contracts. KC HRW futures were down 6 to 7 cents reverting from some recent strength. OI dropped 3,676 contracts. MPLS spring wheat was 2 to 4 cents higher on Monday.

The Kansas Crop Progress report showed winter wheat conditions down 6% to 40% good/excellent, with the Brugler500 index down 12 points to 316. The national level Crop Progress report will be out nest Monday. 

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