Wheat Futures Surge Ahead of Open

Wheat futures surge ahead of todays open, with Chicago soft red winter wheat leading the charge, up four to six cents. Kansas City hard red winter wheat futures also gained, while Minneapolis spring wheat held steady. Export sales are robust, with commitments at 19.855 million metric tons, 22% ahead of last year. Light precipitation is forecasted across the Plains, potentially easing dryness concerns. March Kansas City wheat closed at $5.34, up six cents, and May at $5.46, also up six. Overall, momentum suggests a bullish start for traders eyeing exports and weather plays.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.