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Barchart
Barchart
Austin Schroeder

Wheat Showing Weakness Early on Friday

Wheat is lower across all three markets so far on Friday AM Trade. The wheat complex reverted from the midday weakness on Thursday to close with some slight hard red wheat gains. CBT futures were the weakest and down factionally to 2 cents. Preliminary open interest was up 10,362 contracts on Thursday.  Kansas City contracts were down up 2 to 4 ¼ cents at the close of the day. MPLS spring wheat was fractionally to 2 cents in the green.

USDA reported a private export sale of 100,000 MT of HRW wheat to Nigeria on Thursday morning for the current marketing year. 

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