Wheat Market Shows Mixed Trading Patterns on Wednesday

The wheat market is displaying mixed results as the trading session unfolds on Wednesday. Chicago SRW futures have risen by 1 to 2 cents, while KC HRW is facing losses of 1 to 2 cents at midday. In contrast, MPLS spring wheat futures are stable, showing gains of up to 2 cents.

Concerns arise as parts of the Western Plains experience minimal snow cover, and with a cold front expected this weekend, little precipitation is anticipated in the coming days.

FranceAgriMer has reported a minor increase in anticipated trench soft wheat stocks, now projected at 2.9 MMT, which is an increase of 0.03 MMT from the previous month. However, EU export figures have been slightly adjusted downward.

Mar 25 CBOT Wheat is priced at $5.47 3/4, reflecting an uptick of 1 1/2 cents.

May 25 CBOT Wheat stands at $5.59 1/4, gaining 1 cent.

Mar 25 KCBT Wheat is currently at $5.59 1/4, down by 1 1/2 cents.

May 25 KCBT Wheat is priced at $5.69, a decrease of 1 1/4 cents.

Mar 25 MGEX Wheat is holding at $5.89 3/4, increasing by 1/4 cent.

May 25 MGEX Wheat is at $6.00 1/4, showing a rise of 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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.