Wheat Holding onto Tuesday Gains as Crop Conditions Drop

Wheat futures are mostly higher at midday, with Chicago SRW up 5 to 6 cents and KC HRW up 4 to 5 cents, while Minneapolis spring wheat is fractionally mixed. The move suggests modestly constructive trading across the wheat complex, but the update is routine and light on new fundamental catalysts.

Analysis

Wheat futures are mostly higher at midday, with Chicago SRW up 5 to 6 cents and KC HRW up 4 to 5 cents, while Minneapolis spring wheat is fractionally mixed. The move suggests modestly constructive trading across the wheat complex, but the update is routine and light on new fundamental catalysts.