Wheat Reverting Higher on Wednesday

The wheat complex is trading with gains across the three exchanges on Wednesday. Chicago SRW futures are up 4 to 5 cents on the day. KC HRW contracts are 3 to 5 cents higher. MPLS spring wheat is rebounding 5 to 6 cents. 

Crop Progress data showed the winter wheat planting pace at 64% complete as of October 13, which is 2% back of the average pace. Emergence was pegged at 35% , vs. the 5-year average pace of 38%.

The FranceAgirMer expects the French soft wheat stocks to total 2.51 MMT, a 0.24MMT drop form last month

Dec 24 CBOT Wheat  is at $5.84 1/4, up 4 3/4 cents,

Mar 25 CBOT Wheat  is at $6.04 3/4, up 4 cents,

Dec 24 KCBT Wheat  is at $5.87 3/4, up 4 3/4 cents,

Mar 25 KCBT Wheat  is at $6.02 1/2, up 3 3/4 cents,

Dec 24 MGEX Wheat  is at $6.21 3/4, up 5 1/2 cents,

Mar 25 MGEX Wheat  is at $6.43 1/2, up 5 1/2 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.