Wheat is mixed to start Friday morning trade, with Chicago leading the way higher. The wheat complex was in rally mode across all three markets on Thursday. Chicago SRW futures closed 12 to 15 cents higher on the day to lead the bull’s charge. Open interest was up 1,934 contracts. KC HRW futures were up 14 to 15 cents at the close. OI rose 2,708 contracts on Thursday. MPLS spring wheat was 8 to 10 cents in the green at the close.
Export sales data set for Friday morning is expected to show between 250,000 MT and 600,000 MT of old crop wheat sales in the week of 2/12.
