The wheat complex are mixed across the board on Tuesday. Chicago SRW futures are 1 to 3 cents higher on Tuesday. KC HRW futures are fractionally lower at midday. MPLS spring wheat futures are continuing strength, up 4 to 9 ½ cents.
USDA released their Crop Progress report this morning showing the winter wheat crop at 92% planted, lagging the 95% average pace. Emergence was at 79%, behind the 84% 5-year average. Condition ratings were pegged at 45% in good/excellent ratings, which was down from 49% last year. That equated to 328 on the Brugler500 index, down from 338 a year ago.
Dec 25 CBOT Wheat is at $5.46 3/4, up 2 1/2 cents,
Mar 26 CBOT Wheat is at $5.60, up 1 1/2 cents,
Dec 25 KCBT Wheat is at $5.28 1/4, down 1/2 cent,
Mar 26 KCBT Wheat is at $5.44 1/4, down 1/2 cent,
Dec 25 MGEX Wheat is at $5.83 1/4, up 9 1/2 cents,
Mar 26 MGEX Wheat is at $5.85 1/4, up 4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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