Wheat Posting Friday Losses, as USDA Hikes World Carryout

U.S. wheat futures were broadly lower at midday Friday, with Chicago SRW contracts down 13 to 18.25 cents, Kansas City HRW down 17 to 26 cents, and Minneapolis spring wheat down 13 to 16 cents. The synchronized weakness across the three major wheat markets signals bearish near-term price pressure for wheat futures.