Wheat is trading with slight gains in the winter wheat contracts on Thursday morning, as spring wheat is weaker. The wheat complex gave back some of the Tuesday gains, with contracts falling lower across the three markets on Wednesday. CBT soft red wheat futures posted 5 to 6 cent losses. Open interest slipped 1,481 contracts on Wednesday. KC HRW futures fell back 7 to 8 cents. Preliminary open interest was up 1,170 contracts. MPLS spring wheat futures were down 2 to 3 cents in the nearbys.
The weekly Export Sales report will be published this morning, as analysts are looking for between 300,000 MT and 650,000 MT in the week of 9/11.
