Wheat Settles Mixed on Wednesday

Austin Schroeder Barchart Wed Jan 22, 5:29PM CST
Wheat and stormy sky by Marcin Kempa via Unsplash

The wheat complex closed mixed across the three exchanges on Wednesday. The Chicago SRW market was 4 to 5 cents lower on the day. KC HRW contracts were fractionally in the red in the nearbys on Wednesday. MPLS spring wheat futures were steady to 2 cents in the green. 

The next 7 days are expected to be drier across much of the Southern Plains and SRW regions.

A South Korean importer purchased 65,000 MT of optional origin wheat overnight. Thailand is tendering for 195,000 MT of wheat, with offers due later today. 

Mar 25 CBOT Wheat  closed at $5.54, down 4 3/4 cents,

May 25 CBOT Wheat  closed at $5.67 1/4, down 4 1/4 cents,

Mar 25 KCBT Wheat  closed at $5.74 3/4, down 3/4 cent,

May 25 KCBT Wheat  closed at $5.85, down 1/2 cent,

Mar 25 MGEX Wheat  closed at $6.06 1/2, up 2 cents,

May 25 MGEX Wheat  closed at $6.16 3/4, up 1 3/4 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.