Wheat is showing fractional to 2 cent losses across the winter wheats early on Thursday, with spring wheat bouncing. The wheat complex saw mixed trade into the Wednesday close. Chicago SRW contracts were 3 3/4 to 10 cents higher to close out the midweek session. Open interest was up 2,053 contracts suggesting new buying. KC HRW futures were 6 ½ to 14 cents higher across the board. Open interest was up 1,909 contracts on Wednesday. MPLS spring wheat was mixed, with front months down as much as 1 ¼ cents with deferreds up 3 ½ at the close.
Weekly Export Sales data will be out this morning, as traders are expecting to see net sales of 2026/27 wheat between 250,000 to 450,000 MT in the week of July 30
