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Barchart
Barchart
Austin Schroeder

Winter Wheat Contracts See Strength, as Spring Wheat Slips Back

The wheat complex is mixed at midday, with the winter wheats showing the strength. CBT soft red wheat was fractionally mixed, with nearbys lower and deferreds higher. December was 8 ¾ cents higher on the week. KC HRW futures saw Friday gains of 1 to 1 1/2 cents, as December posted a dime gain since last Friday. MPLS spring wheat futures were down 1 to 2 ½ cents at the close, as December still saw an 8 ½ cent gain this week.

The US is expected to see rain totals of 1 to 2 inches in parts of the Southern Plains in the next couple days and pushing to the East Coast.

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