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Austin Schroeder at Barchart.com said, “Wheat is showing mixed action on Wednesday morning. The wheat complex was under continued pressure on Tuesday, with losses across the three markets. Chicago SRW futures were down 5 to 10 cents on Tuesday. There were 88 deliveries issued for May futures on FND. Kansas City HRW contracts were 8 to 9 cents lower in the nearbys. There were 430 deliveries issued against May KC wheat overnight. MPLS spring wheat posted 3 to 5 cent losses at the close.” Keegan Madigan at Total Farm Marketing said, “Heavy rainfall is expected across the central and southern U.S. over the next 10 days, with parts of Oklahoma and Texas at risk of flooding that could potentially damage the winter wheat crop.”





