Wheat Mixed at Tuesday’s Midday

Austin Schroeder Barchart Tue Sep 17, 12:00PM CDT
landscape of corn field at summer countryside

Wheat futures are mixed across all three exchanges as the market trades through Tuesday.  Chicago SRW futures are down 3 to 4 cents on the day. KC HRW is 1 to 2 cents lower. MPLS spring wheat is back up 1 to 3 cents across the front months.  

Monday afternoon’s Crop Progress report showed 14% of the US winter wheat crop planted as of Sunday, 1% faster than normal. The spring wheat crop was 92% harvested, above the 90% average pace.

Japan is tendering for 123,012 MT of wheat from the usual three, the US, Australia, and Canada. The tender is due on Thursday, with 66,397 MT sought from the US specific. The French ag ministry trimmed the country’s soft wheat production estimate by 0.54 MMT to 25.78 MMT on Tuesday. SovEcon increased their Russian wheat crop production estimate by 0.4 MMT to 82.9 MMT on Tuesday.

Dec 24 CBOT Wheat  is at $5.74 3/4, down 3 3/4 cents,

Mar 25 CBOT Wheat  is at $5.94 1/4, down 3 1/4 cents,

Dec 24 KCBT Wheat  is at $5.79 1/4, down 1 1/4 cents,

Mar 25 KCBT Wheat  is at $5.92 1/2, down 1 cent,

Dec 24 MGEX Wheat  is at $6.22 1/2, up 2 3/4 cents,

Mar 25 MGEX Wheat  is at $6.41 3/4, up 1 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.