Wheat Leads the Grain Rally on Friday

The wheat complex rallied across all three markets on Friday, to lead the grain complex. Chicago SRW futures posted 15 to 19 ½ cent gains on Friday, with May up 11 ¼ cents. KC HRW futures were 17 to 21 ¼ cents in the green, as May was still down 4 ¾ cents this week. MPLS spring wheat was 8 to 15 3/4 cents higher in most contracts, with May up 12 ¾ cents. Short covering was noted to close out February. Commitments of Traders data from Friday indicated managed money slashing 50,740 contracts from their net ...