Wheat is showing 2 to 4 cent losses so far on Thursday morning. The wheat complex saw mostly weaker trade on the midweek session. Chicago SRW futures fell back 4 to 6 ¾ cents into the close. Open interest was up 3,103 contracts on Wednesday. KC HRW futures closed with fractional to 5 cent losses across the board. OI rose 2,746 contracts, suggesting modest new selling. MPLS spring wheat was mixed with front moths down 1 to 2 cents and deferreds steady to 2 cents higher
Export Sales data from FAS will be out this morning, as analysts are expected to see 0 to 200,000 MT in old crop wheat business. Sales for 2026/27 are estimated to total 100,000 to 350,000 MT.
