Wheat is trading with contracts mixed and winter wheats holding higher. The wheat complex posted gains across the three exchanges to close out the Monday session. Chicago SRW futures closed with 5 to 6 cent gains. Open interest was down 4,044 contracts, indicating short covering. KC HRW futures were 5 to 6 cents in the green at the final bell. MPLS spring wheat was fractionally higher at the close. Monday morning’s Export Inspections report showed a total of just 183,305 MT (6.74 mbu) of wheat shipped in ...

Market Performance - The wheat complex is experiencing gains across three markets ahead of the holiday, with Chicago SRW futures trading 4 to 5 cents higher, KC HRW futures up 3 to 7 cents, and MPLS spring wheat futures increasing by 4 to 5 cents, with December futures up 16 cents [1] - The markets will be closed on Thursday for Thanksgiving, with a hard open at 8:30 CST on Friday and an early close [1] Commitment of Traders Data - Managed money added 14,387 contracts to their net short position in CBT wheat futures and options, bringing the total to 111,743 contracts for the week of October 14 [2] - In KC wheat, managed money added 4,170 contracts to their net short position, totaling 67,704 contracts [2] Import Activity - A South Korean importer purchased a total of 91,300 MT of wheat from the US and 40,000 MT from Canada in their tender [3] Futures Prices - As of the date of publication, the following wheat futures prices were noted: - Dec 25 CBOT Wheat at $5.32 1/4, up 5 cents - Mar 26 CBOT Wheat at $5.43 1/2, up 4 1/4 cents - Dec 25 KCBT Wheat at $5.19 3/4, up 6 1/2 cents - Mar 26 KCBT Wheat at $5.31 3/4, up 3 1/2 cents - Dec 25 MGEX Wheat at $5.96, up 16 cents - Mar 26 MGEX Wheat at $5.85 1/4, up 4 1/2 cents [3]