Soft red winter wheat futures at the Chicago Board of Trade were higher at midmorning on Wednesday in a light rebound from Tuesday's sharp technical declines, traders said.
But trade was light as the market awaited the USDA's August crop production and supply/demand reports on Friday. Traders were anticipating a decline in US wheat production and ending stocks due to drought in the northern Plains spring wheat belt. As of 11:10 am CDT (1610 GMT), CBOT September was up 3 cents at $3.87 per bushel, with December up 2-1/2 at $4.07-3/4.