Wheat price action is lower to start Friday. Futures saw mixed action on Thursday, with the hard red contracts the weakest. December futures expire on Friday. Chicago SRW futures were up 3 to 4 cents Thursday. Open interest was up 4,003 contracts. KC HRW futures saw penny losses in the front months. OI was up 3,610 contracts on Thursday MPLS spring wheat was slightly higher in the front months.
The weekly Export Sales report from Thursday USDA showed 850,418 MT of wheat sold in the week ending on 11/13. That was a 6-week high and 54.73% larger than the same week last year. Accumulated wheat sale commitments are now 18.12 MMT, up 22.4% from last year and the largest total for that week since 2013/14.
