Wheat Market Recovers From Early Lows But Still Faces Friday Pressure

The wheat market is showing signs of recovery from its early session lows, but still faces pressure as it heads into Friday.

At midday, contracts are trading with losses ranging from 3 to 7 cents, although Chicago SRW futures are down by a slightly larger margin, between 6 to 7 cents.

Kansas City HRW and MPLS spring wheat are also experiencing losses of 5-6 cents and 3-5 cents respectively across their front months at midday.