Wheat futures were mixed on Monday, with Chicago SRW up 3 3/4 to 5 3/4 cents and KC HRW up 3 1/2 to 5 1/2 cents, while MPLS spring wheat fell 1 1/2 to 2 3/4 cents. The divergence points to relative weakness in spring wheat versus gains in the winter wheat contracts. The move appears routine and sector-specific rather than a broad macro catalyst.
Wheat futures were mixed on Monday, with Chicago SRW up 3 3/4 to 5 3/4 cents and KC HRW up 3 1/2 to 5 1/2 cents, while MPLS spring wheat fell 1 1/2 to 2 3/4 cents. The divergence points to relative weakness in spring wheat versus gains in the winter wheat contracts. The move appears routine and sector-specific rather than a broad macro catalyst.
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