Wheat is trading with Christmas Eve Gains in the winter wheat contracts so far. The wheat complex was mixed trade at the Tuesday close, with winter wheat contracts higher and spring wheat mixed. Chicago SRW futures were 1 to 2 cents higher on the day. Open interest showed slight short covering, down 1,606 contracts. KC HRW futures were up 6 to 7 cents in the nearbys. OI data suggested new buying, up 2,970 contracts on Tuesday. MPLS spring wheat saw fractionally mixed trade on Tuesday. The markets will close early today and remain closed for Christmas on Thursday with a hard open at 8:30 am CST on Friday.
Another update to the Export Sales report from Tuesday indicated 432,609 MT in wheat sales for the week of December 11. That was an improvement of 13.39% from the previous week.
