Soft red winter wheat futures at the Chicago Board of Trade were mixed early on Thursday in choppy trading after the recent spate of fund buying that led to a series of rallies, traders said. Traders said the market was seeking direction and attempting to consolidate after the seemingly relentless buying by funds boosted the wheat market to nine-month highs.
At 10:05 am CST (1605 GMT), CBOT wheat was down 1/4 cent to up 2 cents per bushel. May was up 1 at $3.62 per bushel.