The wheat complex fell off the early session highs on Wednesday, as month end profit taking got off to a day early start. Chicago SRW futures were down fractionally to 6 ¾ cents, with deferreds up ¼ to 3 ¼ cents. KC HRW futures were up fractionally to 2 ½ cents, with exception to May, down 6 ½ cents ahead of first notice day. MPLS spring wheat was up 2 ¼ to 4 ½ cents across the board on Wednesday.
Export Sales data will be out on Thursday morning, with traders looking for old crop business at 0-300,000 MT in the week of 4/23. New crop sales at seen in a range of 0-200,000 MT.
