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Barchart

Austin Schroeder

MYSTERIOUS: Wheat slipping back early on friday - You Need To See This

Wheat is showing weakness so far on Friday morning. The wheat complex was mixed on Thursday, as the winter wheats continue to grind lower. CBT soft red wheat futures were down fractionally to 1 ¼ cents on the day. Preliminary open interest was up 10,762 contracts. KC HRW futures were down 3 to 4 cents on the day. OI rose 5,009 contracts on Thursday. MPLS spring wheat futures were 1 to 2 cents higher to close the day.

Weather remains dry for the heart of winter wheat country over the next week.

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