Wheat is starting Tuesday Trade with losses across the three exchanges. The wheat complex posted mostly weaker trade on Monday, with a few Chicago contracts higher. Chicago SRW contracts closed deferred contracts 1 ¼ cents lower to 1 ¼ cents higher in the nearbys. Open interest was up 5,589 contracts. KC HRW futures posted losses of 3 to 5 ¾ cents at the Monday close. OI was down 2,781 contracts. MPLS spring wheat was down 2 ¾ to 4 ½ cents on the session.
On Monday, Ukraine’s President Zelensky stated there will be a diplomatic track with Russia in regard to the Black Sea attack.
