The wheat complex was weaker on Tuesday. Chicago SRW futures were steady to 2 cents lower. KC HRW futures are down 5 to 6 cents in the front months on Tuesday. MPLS spring wheat were 1 to 3 cents weaker.
Precip will be limited in the Southern Plains over the next week, with some totals from scattered precip to 2 inches in parts of SRW country.
EU soft what exports from July 1 to February 22 have totaled 15.38 MMT according to European Commission data, up 1.36 MMT from the same week last year. Algeria purchased wheat in a tender on Tuesday, though totals have yet to be announced.
Mar 26 CBOT Wheat closed at $5.67 1/2, down 2 cents,
May 26 CBOT Wheat closed at $5.73 1/4, down 1/2 cent,
Mar 26 KCBT Wheat closed at $5.54 1/4, down 5 3/4 cents,
May 26 KCBT Wheat closed at $5.67, down 5 1/4 cents,
Mar 26 MIAX Wheat closed at $5.80 1/2, down 2 3/4 cents,
May 26 MIAX Wheat closed at $5.96 1/2, down 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.
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