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Barchart
Barchart
Austin Schroeder

Wheat Starting Thursday with Strength

HRW KC Chicago SRW

Wheat is showing mostly higher trade on Thursday morning. The wheat complex posted mixed action on Wednesday, with HRW holding higher. Chicago SRW futures were down 2 to 3 ¼ cents on the day. Open interest was up 6,457 contracts, suggesting new selling interest. KC HRW futures were up 2 to 3 cents at the close. OI was up 4,203 contracts. MPLS spring wheat was down 3 cents in the nearby contracts on Wednesday.

Export Sales data will be this morning for the week ending on November 27, with wheat sales seen at 250,000-600,000 MT.

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