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Barchart
Barchart
Austin Schroeder

UNCOVERED: Wheat looks to resume trade on friday | History Defined

Chicago SRW KC KCBT

Wheat futures will have a hard open at 8:30 am CST this morning. The wheat complex posted strength on Wednesday, with all three exchanges seeing gains. Chicago SRW futures were 4 to 6 cents higher on Wednesday’s short session. Open interest was down 3,571 contracts on Wednesday. KC HRW futures were up 5 to 6 cents in the nearbys. MPLS spring wheat was steady to a penny higher on the day. 

The forecast for the next 7 days showed light precip for parts of the Plains, with some SRW country looking at heavier totals.

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