Commodities
Spring Wheat Defies Downtrend as Wheat Complex Closes Mixed
The wheat complex experienced mixed trade on Wednesday, but spring wheat contracts bucked the trend and ended higher.
Chicago SRW contracts declined by 1 1/2 to 3 1/2 cents, while KC HRW futures fell 3/4 to 3 3/4 cents lower. However, MPLS spring wheat was steady to 4 cents higher at the close.
A Reuters survey of analysts predicts a range of 200,000 to 500,000 MT for 2026/27 wheat in the week of July 23 ahead of the Thursday Export Sales report.