Wheat is showing 5 to 8 cent gains on Wednesday morning trade. The wheat complex found some footing for the bulls, as all three exchanges were higher. Chicago SRW contracts were 1 3/4 to 11 1/4 cents higher across the board, led by the nearbys. Open interest was up 7,296 contracts, implying new buying interest. There were 25 deliveries issued against July futures overnight. KC HRW futures were up 10 to 11 ¼ at the close. Open interest was up 3,800 contracts on Tuesday. There were 346 deliveries issued against July. MPLS spring wheat was 4 to 6 cents higher on the day.
USDA reported a private export sale of 100,000 MT of HRS wheat to Nigeria this morning for 2026/27.
