“Prices ranged from $.04-$.10 higher across the 3 classes. Chicago was the upside leader; however, failed to carve out a key reversal day. Same with Dec-25 MIAX after forging a new contract low on early weakness. Spreads also firmed. Rains this week in the southern Midwest and ECB will slow harvest activities; however, help relieve drought conditions for the winter wheat crop. Spring wheat harvest at 96% matches the 5-year average. Winter wheat plantings at 20% are below YA and 5-year average of 23%,” noted Mark Soderberg with ADM Investor Services.
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