Wheat Trading with Wednesday Gains
Wheat futures rallied on Wednesday, supported by a weaker dollar. Chicago SRW gained 13–14 cents, KC HRW rose 10–12 cents, and Minneapolis spring wheat edged higher. Markets await export sales data, with traders expecting 275,000–600,000 tonnes in weekly wheat bookings.
The wheat complex is in rally mode on Wednesday. Chicago SRW futures are posting 13 to 14 cent gains on Wednesday. KC HRW futures are trading with 10 to 12 cent gains on the day. MPLS spring wheat is 4 to 5 cents higher at midday. Weakness in the dollar index this week has added some support to the market.
Export Sales data released on Thursday morning will show wheat sales for the week ending on January 22. Traders are expecting between 275,000 and 600,000 MT in wheat bookings. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
Mar 26 CBOT Wheat is at $5.37 1/2, up 14 1/4 cents,
May 26 CBOT Wheat is at $5.45 3/4, up 13 cents,
Mar 26 KCBT Wheat is at $5.43 1/2, up 10 3/4 cents,
May 26 KCBT Wheat is at $5.54, up 11 1/4 cents,
Mar 26 MIAX Wheat is at $5.76, up 4 1/4 cents,
May 26 MIAX Wheat is at $5.88 1/4, up 4 1/2 cents.
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Source : Nasdaq.com
