The wheat complex is weaker so far on the Wednesday session. Chicago SRW futures are 2 to 3 cents lower. KC HRW futures are 5 to 6 cents in the red on Wednesday. MPLS spring wheat is 2 to 3 cents in the red at midday.
The market will be closed on Thursday for New Years Day, with a hard open at 8:30 am CST on Friday.
Export Sales data from this morning showed just 147,834 MT in wheat sales during the week of 12/18. That was in the middle of analysts’ estimates of between 50,000 MT in net reductions and sales of 400,000 MT. That was down 35.83% from last week and 75.86% below the same week last year.
Mar 26 CBOT Wheat is at $5.07 3/4, down 3 cents,
May 26 CBOT Wheat is at $5.19 1/4, down 2 3/4 cents,
Mar 26 KCBT Wheat is at $5.16, down 6 cents,
May 26 KCBT Wheat is at $5.29 1/2, down 5 1/2 cents,
Mar 26 MIAX Wheat is at $5.76 1/4, down 2 1/4 cents,
May 26 MIAX Wheat is at $5.87, down 2 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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