Wheat is trading with contracts lower in the winter wheat exchanges and steadier in the spring wheat. The wheat complex saw contracts fade lower on Wednesday. Chicago SRW contracts were steady to a penny lower at the close. Open interest dropped 11,876 contracts on Wednesday. KC HRW futures saw nearby July down a penny, with other contracts fractionally to 2 ¾ cents in the green. MPLS spring wheat was mixed, with contracts down 3 3/4 to 4 cents higher.
Rainfall from Montana to Minnesota expected over the next week, as well as much of Canada, is weighing on the spring wheat market.
