Wheat is down across most contracts on Monday morning. The wheat complex closed Friday with losses. Chicago SRW futures were down 4 to 5 cents in most contracts, as March was down 6 ½ cents on the week. Open interest on Friday was up 1,680 contracts. KC HRW futures were 4 to 5 cents on Friday, with March losing 13 ¼ cents since the previous Friday. OI rose 3,304 contracts on Friday MPLS spring wheat was fractionally lower to close Friday, with March up 2 ¾ cents on the week.
Export Sales data for the week ending on November 20 will be released this morning, with analysts looking for 300,000-750,000 MT in wheat sales.
