Wheat is trading with contracts near unchanged. The wheat complex saw weakness across most contracts on Wednesday. Chicago SRW futures were steady to 3 cents in the red on the day. Open interest rose 2,020 contracts on Wednesday. KC HRW futures were down 2 to 4 cents on Wednesday. OI was down 1,207 contracts. MPLS spring wheat was 4 to 5 cents lower at the close. There were another 3 deliveries issued against December KC wheat overnight.
Export Sales data for the week ending on October 31 will be out this morning, with traders looking for between 250,000 and 650,000 MT in wheat bookings.
