The wheat complex is trading with early Wednesday gain across the three exchanges. Chicago SRW contracts were down 7 to 11 cents so far on the day. Open interest was up 15,741 contracts, suggesting new selling. KC HRW futures fell 8 to 15 1/4 cents lower across the board. MPLS spring wheat was 10 to 12 3/4 cents lower across most contracts.
There were Ukrainian drone strikes on Russia’s Novorossiysk port overnight, halting operations at the country’s largest port