The wheat complex is trading with the three exchanges extending gains on Friday. Chicago SRW contracts are showing 22 to 23 cent gains so far on Friday. KC HRW futures are showing 25 to 26 cent gains on the day. MPLS spring wheat is in rally mode, up 13 to 17 cents at midday.
While the US hasn’t picked up much additional export business, thoughts of the export disruptions on the Black Sea have been adding premium to the market.