Wheat Holding Lower on Wednesday
Wheat futures traded mostly lower on Wednesday. Chicago SRW, KC HRW, and Minneapolis spring wheat fell 1–3 cents. Markets await Thursday’s export sales data, expected at 300,000–600,000 tonnes. March CBOT wheat slipped to $5.27, with similar declines across KCBT and MIAX contracts.
The wheat complex is mostly lower on Wednesday. Chicago SRW futures are 1 to 2 cents in the red at midday. KC HRW futures are 2 to 3 cents lower on Wednesday. MPLS spring wheat is down 1 to 2 cents so far.
Export Sales data will be released on Thursday morning, as analysts are looking for between 300,000 and 600,000 MT in wheat sales in the week of January 29.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 $5.27, down 1 3/4 cents,
May 26 CBOT Wheat is at $5.36 1/2, down 1 1/4 cents,
Mar 26 KCBT Wheat is at $5.31 3/4, down 3 cents,
May 26 KCBT Wheat is at $5.44, down 2 3/4 cents,
Mar 26 MIAX Wheat is at $5.66 3/4, down 1 1/2 cents,
May 26 MIAX Wheat is at $5.80 1/2, down 1 cents.
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Source : Nasdaq.com
