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Barchart
Barchart
Austin Schroeder

Wheat Starting Turnaround Tuesday with a Bounce

Wheat Chicago KC CBOT Wheat KCBT Wheat MIAX Wheat

Wheat is trading with Tuesday AM gains. The wheat complex posted losses across the three exchanges on Monday. Chicago SRW contracts were 2 ¼ to 5 cents in the red at the close. Open interest was down just 231 contracts on Monday. KC HRW futures were fractionally to 4 ½ cents lower on Monday. OI was up 989 contracts on Monday. MPLS spring wheat was down 3 3/4 to 6 3/4 cents at the final bell.

Late on Monday, the White House announced a Harvest Fuel Relief Program, providing producers with $8 billion in assistance due to high fuel prices.

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