Wheat is trading with Wednesday morning gains of 5 to 9 cents. The wheat market posted a turnaround session across the three exchanges on Tuesday. Chicago SRW futures were up 9 to 10 cents in the nearbys. KC HRW futures were 7 to 9 cents higher in the front months. MPLS spring wheat was 11 to 12 cents in the green.
EU wheat exports have totaled 12.8 MMT during the marketing year from July 1 to January 26according to the EU Commission. That is well below the 19.35 MMT total last year.
Japan has issued a tender to buy 89,134 MT of wheat from the US and Canada, with 29,070 MT US specific.
Mar 25 CBOT Wheat closed at $5.45 1/4, up 9 3/4 cents, currently up 5 1/2 cents
May 25 CBOT Wheat closed at $5.58 3/4, up 9 cents, currently up 5 3/4 cents
Mar 25 KCBT Wheat closed at $5.61, up 7 3/4 cents, currently up 8 1/2 cents
May 25 KCBT Wheat closed at $5.70 3/4, up 8 cents, currently up 8 1/2 cents
Mar 25 MGEX Wheat closed at $5.97 3/4, up 12 cents, currently up 7 cents
May 25 MGEX Wheat closed at $6.08, up 11 1/4 cents, currently up 7 1/4 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.More news from Barchart
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