The wheat market is trading with mixed action, as the winter wheats are holding higher. CBT soft red wheat futures are up another 1 to 2 cents at midday. KC HRW futures are firm to 1 cent higher in the front months. MPLS spring wheat futures are trading with contracts steady to a penny lower across most contracts on Tuesday.
USDA’s Export Sales report will not be reported for the 6th week in a row, as the government shutdown enters record length. Traders are still estimating that exporters sold between 250,000 and 650,000 MT wheat in the week of 10/30.
Dec 25 CBOT Wheat is at $5.51 1/2, up 1 1/4 cents,
Mar 26 CBOT Wheat is at $5.64 1/2, up 1 3/4 cents,
Dec 25 KCBT Wheat is at $5.37, up 1/2 cent,
Mar 26 KCBT Wheat is at $5.50, up 1 cent,
Dec 25 MGEX Wheat is at $5.56 1/4, down 1 cent,
Mar 26 MGEX Wheat is at $5.74 3/4, down 1/2 cent,
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.
