The wheat complex posted Tuesday gains across the three markets. Chicago SRW futures saw gains of 3 to 4 cents on the session. Kansas City HRW contracts were 2 to 3 cents higher across the nearbys on Tuesday. MPLS spring wheat posted gains of 6 to 7 cents in the front months.
US wheat ending stocks estimates will be updated on Thursday, as the trade is looking for 825 mbu. That would be up 6 mbu from last month if realized.
EU soft wheat export have totaled 16.36 MMT from the July 1 marketing year tart to April 5. That lags the 24.96 MMT from the same point last year.
May 25 CBOT Wheat closed at $5.40, up 3 1/2 cents,
Jul 25 CBOT Wheat closed at $5.54, up 3 1/2 cents,
May 25 KCBT Wheat closed at $5.61 1/2, up 2 1/4 cents,
Jul 25 KCBT Wheat closed at $5.75, up 2 1/4 cents,
May 25 MGEX Wheat closed at $6.01, up 7 cents,
Jul 25 MGEX Wheat closed at $6.14 1/2, up 6 1/4 cents,
