Wheat Slips Back to Close Mixed on Monday

Austin Schroeder Barchart Mon Oct 21, 5:01PM CDT
Harvesting wheat by Bence Balla-Schottner via Unsplash

The wheat complex fell back from their intraday highs on Monday to close mixed. Chicago SRW futures were fractionally mixed on the day. KC HRW contracts were fractionally to 1 3/4 cents higher on the session. MPLS spring wheat is posted losses of 2 to 5 ¼ cents at the close.

The Monday afternoon Crop Progress report indicated 73% of the US winter wheat crop planted as of 10/20, 3 percentage points behind normal. Emergence was pegged at 46% vs. the 520% average pace.

Export Inspections data pegged 268,375 MT (9.7 mbu) of wheat shipped in the week that ended on 10/17. That was down 28.4% from the week prior and 58.35% above the same week last year. Japan was the largest destination of 97,779 MT, with 50,847 MT to Mexico. Shipments in the marketing year have totaled 9.26 MMT (340 mbu), which is still up 33.75% from the same time last year. 

Dec 24 CBOT Wheat  closed at $5.72 1/4, down 1/2 cent,

Mar 25 CBOT Wheat  closed at $5.92 1/4, down 1/4 cent,

Dec 24 KCBT Wheat  closed at $5.82 1/4, up 1 1/2 cents,

Mar 25 KCBT Wheat  closed at $5.97, up 1 1/4 cents,

Dec 24 MGEX Wheat  closed at $6.14, down 2 1/2 cents,

Mar 25 MGEX Wheat  closed at $6.36, down 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.