The wheat complex is rallying across the three exchanges at midday. Chicago SRW contracts is up 14 to 15 cents across most contracts. KC HRW futures are 16 to 17 cents in the front months on the session. MPLS spring wheat is 17 to 18 cents higher so far at midday.
Disruptions in the Black Sea is continuing to add support to the wheat market. The recent rise in strikes over the last few months on port infrastructure and vessels comes at a time when Black Sea exports typically pick up following harvest.
