Wheat is showing mixed trade so far on Tuesday morning, with Chicago the weakest and Spring wheat the firmest. The wheat complex is showing modest weakness so far at Monday’s midday. Chicago SRW contracts posted firmer Monday trade, with contracts steady to 1 ¼ cents higher. Open interest was up 1,548 contracts. KC HRW futures were 2 to 4 cents in the red at the close. OI rose 2,551 contracts on Monday. MPLS spring wheat was mixed, with front month steady to a penny higher and deferreds ½ to 3 cents lower.
The Export Inspections and Crop Progress reports will be released later today due to the federal holiday from Monday.
