The wheat complex saw gains across markets before the long weekend. Chicago SRW futures rose 7 to 8 cents on Friday, with KC HRW futures up 9 to 10 cents. MPLS spring wheat was also up 2 to 3 cents. Managed money reduced their net short positions in CBT and KC wheat futures. Export sales data shows commitments above last year’s levels. A South Korean importer bought 92,300 MT of US wheat. Wheat futures closed higher on Friday, with Mar 26 CBOT Wheat at $5.18 and Mar 26 KCBT Wheat at $5.27 1/4. The markets will be closed on Monday for Martin Luther King Jr. Day.

Read more at Yahoo Finance: Wheat Rallies on Friday