Wheat Showing Mixed Trade at Wednesday’s Midday
Wheat markets are mixed on Wednesday. Chicago SRW futures are up 1–2 cents, while KC HRW futures are down 1–2 cents. MPLS spring wheat futures are steady to 2 cents higher. Western Plains have little snow cover, and a cold front is expected. FranceAgriMer reports a slight increase in soft wheat stocks, with EU exports reduced.
The wheat market is trading mixed so far on Wednesday. Chicago SRW futures are up 1 to 2 cents thus far on the session. KC HRW posting 1 to 2 cent losses at midday. MPLS spring wheat futures are steady to 2 cents higher at so far on the session.
Portions of the Western Plains have very little snow cover, with little precip in the forecast and a cold front coming in this weekend.
FranceAgriMer saw a slight uptick in expected trench soft wheat stocks at 2.9 MMT, up 0.03 MMT from the month prior, as exports inside the EU were trimmed slightly.
Mar 25 CBOT Wheat is at $5.47 3/4, up 1 1/2 cents,
May 25 CBOT Wheat is at $5.59 1/4, up 1 cent,
Mar 25 KCBT Wheat is at $5.59 1/4, down 1 1/2 cents,
May 25 KCBT Wheat is at $5.69, down 1 1/4 cents,
Mar 25 MGEX Wheat is at $5.89 3/4, up 1/4 cent,
May 25 MGEX Wheat is at $6.00 1/4, up 2 cents .
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Source : Nasdaq.com