Wheat is showing slightly higher trade on Friday morning. The wheat complex closed the Thursday session with mixed trade, as SRW contracts were the strongest and spring wheat the weakest. Chicago SRW futures were up 2 1/4 to 3 3/4 cents on the day. Open interest was up 5,140 contracts. KC HRW futures were steady in the front months to a couple pennies lower in the deferreds. There were 5 deliveries against March KC wheat overnight. MPLS spring wheat was down 1 ¼ to 3 1/2 cents in the front months on Thursday.
The next 7 days look on the drier side for much of the Southern Plains, with the eastern half of the country and SRW area looking wetter.
