Wheat Collapsing on Tuesday

The wheat complex is continuing the losses at midday on Tuesday. Chicago SRW futures are 9 to 11 3/4 cents lower across most contracts. KC HRW futures are 6 to 7 cents in the red at midday. MPLS spring wheat is down 2 to 3 cents across the front months. The forecast for the next week call for a dry pattern in much of the Southern Plains. The 7-day QPF from NOAA shows SRW country with as much as an inch. More News from Barchart Commitment of Traders data showed spec funds in CBT wheat futures and optio ...