Wheat is trading with early Friday AM gains, as the winter wheats lead the way. The wheat complex was under pressure across the three exchanges at the close. Chicago SRW futures saw weakness on Thursday, with contracts down 2 to 3 cents. Open interest was down 349 contracts on Thursday. KC HRW futures were 5 to 5 cents in the red on Thursday. OI rose 1,299 contracts. MPLS spring wheat was down 4 to 5 cents across the front months at the close.
The markets will be off on Monday for the Martin Luther King Jr. Day holiday. They will open back up on Monday evening.
