The wheat complex is continuing its weaker trend on Wednesday. Chicago SRW contracts are 7 to 8 ½ cents in the red on Wednesday. KC HRW futures are trading with losses of 4 to 5 cents on the day. MPLS spring wheat is down 5 to 6 cents across the front months at midday. 

The next week’s forecast from NOAA’s 7-day QPF shows 1-2 inches in the Plains and spilling over to parts of SRW country. 

Dec 26 CBOT Wheat  is at $6.01 3/4, down 8 1/2 cents,

Mar 27 CBOT Wheat  is at $6.15 1/2, down 7 1/2 cents,

Dec 26 KCBT Wheat  is at $6.45 3/4, down 4 3/4 cents,

Mar 27 KCBT Wheat  is at $6.55 1/2, down 4 1/2 cents,

Dec 26 MIAX Wheat  is at $6.23 1/2, down 5 cents,

Mar 27 MIAX Wheat  is at $6.41 1/4, down 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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.