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Austin Schroeder at Barchart.com said, “Wheat is trading with contracts showing some strength on Friday morning. The wheat complex posted mixed action on Thursday, as winter wheat contracts gave into weakness. Chicago SRW futures posted losses of 7 to 8 cents on the day. Thursday’s Preliminary open interest was down 4.954 contracts. Kansas City HRW contracts were 2 to 4 cents lower on at the close. Preliminary open interest was up 1,958 contracts on Thursday. Minneapolis spring wheat futures found some strength, with contracts up 2 to 5 cents on Thursday.” The Hightower Report said, “USDA yesterday increased new crop wheat exports, which pulled ending stocks lower than expected, and world ending stocks fell below expectations too.”





