Wheat is trading with slight gains so far to start the week. The wheat complex posted mixed trade on Friday, with the hard red contracts weaker. CBT soft red wheat futures closed the session fractionally mixed, as December was 4 ½ cents lower last week. KC HRW futures fell back 1 to 2 cents on Friday, with December slipping back 8 ½ cents since last Friday. Preliminary open interest was up 4,418 contracts on Friday. MPLS spring wheat futures were fractionally lower at the close, with December 8 cents in the red on the week.
Winter wheat planting may be delayed in portions of north-central KS in the next week, with totals of 1 to 2 inches expected.
