Wheat is trading with Thursday morning gains across most contracts of 2 to 4 cents. The wheat complex was higher across the three exchanges on Wednesday. Chicago SRW contracts were 4 to 11 ¼ cents higher on the Wednesday session. Open interest suggested a rotation of ownership, down just 244 contracts. KC HRW futures saw 4 ¾ to 12 ¼ cent gains across the board on Wednesday. There were 38 deliveries against July KC wheat overnight, with 6 issued against July CBT wheat. MPLS spring wheat was 9 ¾ to 13 ½ cents higher at the Wednesday close.
The market will observe the July 4th Independence Day Holiday on Friday, for a 3-day weekend. Sunday night will be a normal open.
