Wheat is showing mostly weaker action on Wednesday morning. The wheat complex posted strength at the Tuesday close. Chicago SRW futures were 6 to 7 1/2 cents higher on the day. Open interest suggested new buying, up 4,229 contracts. KC HRW futures were 6 to 7 cents in the green on Tuesday. OI was up 5,358 contracts on Tuesday. MPLS spring wheat were up 4 to 5 cents at the close. There were no deliveries issued against December CBT wheat overnight, with another 66 against December KC wheat.
Support was from threats from Russia to cut off Ukraine from the sea if their attacks on Russian linked vessels continue.
