The wheat complex is falling on Friday’s midday, with all three markets taking losses. CBT soft red wheat futures are 7 to 9 cents in the red on Friday. Preliminary open interest was up 10,762 contracts. KC HRW futures are down 6 to 7 cents at midday. MPLS spring wheat futures are 5 to 7 cents lower so far on the day.
Winter wheat planting should be able to near its end in the coming weeks, with the next 7 days looking dry for much of the growing region.
