The wheat complex is trading with contracts 3 to 7 cents lower at midday, but bouncing off the early session lows. Chicago SRW is showing 6 to 7 cent losses on the day. KC HRW futures are slipping 5 to 6 cents at midday, but well off the early losses. MPLS spring wheat is down 3 to 5 cents across most front months at midday.
Several middle eastern countries including Turkey, Egypt and India are in talks over the Black Sea and safe shipment.