Wheat is showing slight gains across the front months on Friday morning. The wheat complex was mixed on Thursday, with the winter wheat contracts leading the bulls and spring wheat leading the bears. CBT soft red wheat futures were 3 to 4 cents higher on the Thursday session. KC HRW futures saw fractional gains at the Thursday close. OI was up 1,556 contracts. MPLS spring wheat futures were 1 to 2 cents lower.
The next week is looking to see a drier pattern in the Southern Plains, allowing for planting to continue but limits soil moisture heading into winter. SRW areas are expected to see heavier 1-2 inch totals.
