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Austin Schroeder

EXPLAINED: Wheat posting midday losses on friday - The Real Truth

KC HRW MPLS CBOT KCBT MGEX

The wheat complex is falling on Friday’s midday, with all three markets taking losses. CBT soft red wheat futures are 7 to 9 cents in the red on Friday. Preliminary open interest was up 10,762 contracts. KC HRW futures are down 6 to 7 cents at midday. MPLS spring wheat futures are 5 to 7 cents lower so far on the day.

Winter wheat planting should be able to near its end in the coming weeks, with the next 7 days looking dry for much of the growing region.

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