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Barchart
Barchart
Austin Schroeder

Wheat Bears Pushing Back on Friday Morning

United States Chicago SRW KC HRW MIAX

Wheat is showing losses on Friday AM trade. The wheat complex posted gains across all three exchanges on Thursday.  Chicago SRW futures were 13 to 15 1/4 higher at the close. Open interest was down 5,730 contracts on Thursday, showing some light short covering. KC HRW futures were 14 to 15 ½ cent in the green in the front months. Open interest was up 5,947 contracts on Thursday MPLS spring wheat was 7 to 8 cents higher on the Thursday session. 

Precip over the next 7 days is expected to be heavy in the Southeast, with Eastern parts of the Southern Plains seeing some precip. 

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