Wheat is shooting higher across the three markets on Friday morning, as the winter wheats are leading the charge. The wheat complex was mixed on Thursday, as some contracts found some late-day strength. Chicago SRW futures were up 4 to 6 cents in the front months. Open interest was up 425 contracts on Thursday. KC HRW futures were down 1 to 2 cents at the close. There were no deliveries against Chicago or KC wheat overnight on FND. MPLS spring wheat was steady to 2 cents in the green on the day.
A band of precip is expected to hit parts of the Southern Plains in the next week, with key portions of the western half missing out one some moisture.
