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Austin Schroeder

Wheat Trying to Hold Higher on Wednesday

Wheat Chicago SRW KC MPLS CBOT Wheat KCBT Wheat MIAX Wheat

The wheat complex is showing mixed trade so far on Wednesday. Chicago SRW contracts are trading with 2 to 3 cent gains so far on the session. KC HRW futures are showing steady to 1 ½ cent gains at midday. MPLS spring wheat is down 4 to 6 cents so far on Wednesday.

Weekly NASS Crop Progress data showed 51% of winter wheat crop was planted as of Sunday, lagging the 5 year average for planting pace by 7 percentage points. Planting pace was behind normal mainly in KS (-12% behind), MI (-15%), and OH (-26%). Emergence was at 27%.

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