Wheat is higher across the three exchanges on Thursday. The wheat complex was mixed at the Wednesday close. Chicago SRW contracts were steady to 4 cents higher in the front months, with deferreds slightly lower. Open interest was up 7,792 contracts on Wednesday. KC HRW futures was also mixed, with contracts anywhere from 3 cents higher to a penny lower. OI rose 2,621 contracts. MPLS spring wheat was fractionally to 4 cents in the red at the close.
Weekly NASS Crop Progress data showed 51% of winter wheat crop was planted as of Sunday, lagging the 5 year average for planting pace by 7 percentage points. Planting pace was behind normal mainly in KS (-12% behind), MI (-15%), and OH (-26%). Emergence was at 27%.
