Wheat Posting Wednesday Midday Gains

The wheat complex saw is back to higher trade on Wednesday. Chicago SRW futures are 2 to 3 cents in the green so far on Wednesday. KC HRW futures are up 4 to 5 cents in the front months at midday. MPLS spring wheat are up 5 to 6 cents in the nearbys on Wednesday.The next 7 days look on the drier side for much of the Southern Plains, with the eastern half of the country and SRW area looking wetter. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.A South Korean tender saw 32,000 MT of wheat purchased from the US overnight. Taiwan issued a tender for 105,020 MT of US wheat overnight. FranceAgrimer estimates from Wednesday morning showed French soft wheat stocks at 3.39 MMT, up 340,000 MT from the previous number.Mar 26 CBOT Wheat is at $5.84 3/4, down 13 1/4 cents,May 26 CBOT Wheat is at $5.93, up 2 cents,Mar 26 KCBT Wheat is at $5.96 3/4, down 11 cents,May 26 KCBT Wheat is at $6.13, up 4 1/4 cents,Mar 26 MIAX Wheat is at $6.22 1/4, down 12 1/4 cents,May 26 MIAX Wheat is at $6.40 1/2, up 5 1/2 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. More news from Barchart Looking for the Next Silver Rally? Speculative Bulls Are Turning to Grain Futures. Are Wheat Prices too Low? Surging Winter Wheat Prices Are Lifting Grain Futures Across the Board. What to Watch Next. Bet on Continued Upside in Wheat Prices Now with This 1 Trade Idea The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.