Wheat Closes Mixed, as Winter Wheats Fade

The wheat complex closed the midweek session with winter wheats fading lower and spring wheat closing higher. Chicago SRW contracts were down 2 to 9 ¼ cents on Wednesday. There were another 9 deliveries overnight against Sep CBT wheat.  KC HRW futures were down 1 ¾ to 11 cents in most contracts at the close. There were 29 delivery notices for September KC wheat overnight. MPLS spring wheat was the firmest of the three exchanges, up 4 ¼ to 12 cents.

Overnight, Russia suspended the export duty on grain exports through the end of the year. 

Export Sales data will be released on Thursday morning, with traders looking for between 350,000 and 600,000 MT of wheat sales in the week ending on August 27. 

Sep 26 CBOT Wheat  closed at $7.54 3/4, down 9 1/4 cents,

Dec 26 CBOT Wheat  closed at $7.74, down 8 1/2 cents,

Sep 26 KCBT Wheat  closed at $8.14 3/4, down 11 cents,

Dec 26 KCBT Wheat  closed at $8.34 1/4, down 11 cents,

Sep 26 MIAX Wheat  closed at $7.60 3/4, up 4 1/4 cents,

Dec 26 MIAX Wheat  closed at $7.82, up 5 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.