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ADM Investor Services said, “Prices ranged from $.02-$.13 higher. CGO July-26 was up $.13 at $6.29 ¾, KC July-26 was $.05 ½ higher at $6.75 ¼, while MIAX July-26 was up $.01 ¼ at $6.94 ½ reaching a 10 month high in the process. Money managers bought 11k contracts of KC wheat extending their long position to 28k contracts, the largest since June-22.” Chad Pater at CHS Hedging said, “In today’s planting progress report, published after the close, spring wheat is 19% planted compared to 12% last week and a five year average of 22%.”
