Monday wheat markets are 2 cents lower to 1 cent per bushel higher in early positioning. SRW prices were up 10 3/4 to 16 cents and KC HRW prices ended 12 to 13 cents higher to go into the weekend. Preliminary open interest in the Chicago contracts rose 2,300 for the day. Spring wheat futures closed Friday 11 1/2 to 14 cents in the black. The Plains wheat/corn narrowed 29 cents (HRW-Corn) over the course of the month. USDA’s weekly Export Inspections report will be released later this morning. The CoT report showed managed money was 21,275 contracts net long in SRW as of 1/26. HRW speculative traders were 2,146 contracts more net long to 60,239 contracts on new buying interest. Managed money also extended their net long in HRS to 14,659 contracts.

--- provided by Brugler Marketing & Management