The wheat complex is trading with gains across most contracts on Wednesday. Chicago SRW contracts are 8 cents higher so far on the midweek session. KC HRW futures are 12 cents higher in the front months so far on the day. MPLS spring wheat is back up 4 to 5 cents at midday.
Concerns remain about the flow of exports out of the Black Sea as the Russia/Ukraine conflicts has ramped up attacks on vessels and port in recent weeks.
Algeria purchased an estimated 300,000 to 720,000 MT of wheat in a tender on Wednesday.
Sep 26 CBOT Wheat is at $6.46 1/2, up 8 cents,
Dec 26 CBOT Wheat is at $6.65 1/4, up 8 cents,
Sep 26 KCBT Wheat is at $7.19, up 12 cents,
Dec 26 KCBT Wheat is at $7.36 1/2, up 12 cents,
Sep 26 MIAX Wheat is at $6.89 1/4, up 4 3/4 cents,
Dec 26 MIAX Wheat is at $7.13 1/2, up 4 1/4 cents,
