Wheat futures are posting mixed trade on Wednesday. Spring wheat is showing some strength at midday, with CBT and KC fractionally mixed. Rains along the Northern Plains this week could potentially slow the already delayed spring wheat planting progress. While moisture in the Southern Plains could help the HRW crop. Taiwan purchased 83,350 MT of US wheat in a tender on Wednesday, with shipment in July/August.

Jul 18 CBOT Wheat is at $4.93, down 1/2 cent,

Jul 18 KCBT Wheat is at $5.10 1/4, up 1/2 cent,

Jul 18 MGEX Wheat is at $6.09 1/2, up 3 1/4 cents

Market Commentary provided by:

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