Wheat Rallying on Black Sea Strikes

Wheat futures contracts traded lower on the day across the three primary exchanges. Chicago SRW contracts fell between 7 and 11 cents, while Kansas City HRW futures declined 8 to 15 1/4 cents. Minneapolis spring wheat contracts dropped 10 to 12 3/4 cents. Open interest increased by 15,741 contracts, indicating new selling activity.
September and December CBOT wheat contracts closed at $6.30 1/4 and $6.48 1/4 respectively, each down roughly 10-11 cents for the session. Kansas City contracts fini