Wheat is trading with early losses on Wednesday across the three markets. The wheat complex posted strength across the three exchanges on Tuesday. Chicago SRW contracts closed the Tuesday session with contracts 5 ¼ to 8 ½ cents higher. Open interest was down 920 contracts on Tuesday. KC HRW futures were 2 ¾ to 6 ¼ cents higher on the day. OI slipped back just 768 contracts, MPLS spring wheat was up 9 to 12 1/4 cents at the close
On Monday, President Trump called for Ukraine to halt attacking Russian energy infrastructure. Both countries seemed interested in the proposal on the surface, though strikes on energy infrastructure on Tuesday seemed to counter those ideas.
