The wheat complex is holding higher at midday. CBT soft red wheat futures are steady to fractionally lower at the midday portion of Wednesday trade. KC HRW futures are 1 to 2 cents in the green across most contracts on Wednesday. MPLS spring wheat futures are up 1 to 2 cents across the front months
USDA is expected to release their WASDE this Friday despite the ongoing shutdown, with a Reuters survey showing analysts looking for US wheat stocks at 867 mbu, a 23 mbu increase from the September report, likely to include the increased production. World ending stocks are seen at 266.13 MMT, up 1.93 MMT from September is realized.
