Wheat is under pressure to start Friday, with the three exchanges down 12 to 20 cents. The wheat complex saw some pressure on Thursday. Chicago SRW saw losses of 1 ½ to 5 ¼ cents at the close. Open interest was down 2,691 contracts on Thursday. KC HRW futures saw losses of 4 to 6 ½ cents at the final bell on Thursday. OI rose 3,233 contracts on Thursday. MPLS spring wheat was down 8 to 9 cents on the session.
Several middle eastern countries including Turkey, Egypt and India are in talks over the Black Sea and safe shipment.