Wheat is showing slightly mixed trade on Thursday, with Chicago holding higher. The wheat complex closed the midweek session with weakness across the three markets. Chicago SRW contracts closed with Wednesday losses of 7 ¾ to 10 ¾ cents. Open interest rose 3,221 contracts on Wednesday. There were 25 delivery notices for July futures overnight. KC HRW futures posted 5 ½ to 7 ¾ cent losses. Open interest was down 1,885 contracts. MPLS spring wheat was steady to down 3 cents across most contracts.
Export Sales data from USDA will be released this morning, as analysts are looking for between 250,000 and 600,000 MT in 2026/27 wheat sales in the week of July 2.
