Wheat Closes with Higher Trade on Wednesday
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Wheat futures experienced higher trading on Wednesday, with Chicago SRW futures rising by 3 to 4 cents. Open interest increased by 9,021 contracts, indicating new buying activity. KC HRW futures were up 4 to 5 cents, while MPLS spring wheat gained 3 cents. Weekly Export Sales data is expected, with estimates for old crop wheat sales between 200,000 and 450,000 MT. French soft wheat stocks rose to 3.39 MMT, and EU soft wheat export forecasts were adjusted down to 27.1 MMT.
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